Financial report context:
the company further presents total net 201ceconomic 201d investment exposure , net of deferred compensation investments and hedged investments , to reflect another gauge for investors as the economic impact of investments held pursuant to deferred compensation arrangements is substantially offset by a change in compensation expense and the impact of hedged investments is substantially mitigated by total return swap hedges . carried interest capital allocations are excluded as there is no impact to blackrock 2019s stockholders 2019 equity until such amounts are realized as performance fees . finally , the company 2019s regulatory investment in federal reserve bank stock , which is not subject to market or interest rate risk , is excluded from the company 2019s net economic investment exposure . ( dollar amounts in millions ) december 31 , december 31 .

Financial table:
( dollar amounts in millions ): total investments gaap; december 31 2012: $ 1750; december 31 2011: $ 1631
( dollar amounts in millions ): investments held by consolidated sponsored investmentfunds ( 1 ); december 31 2012: -524 ( 524 ); december 31 2011: -587 ( 587 )
( dollar amounts in millions ): net exposure to consolidated investment funds; december 31 2012: 430; december 31 2011: 475
( dollar amounts in millions ): total investments as adjusted; december 31 2012: 1656; december 31 2011: 1519
( dollar amounts in millions ): federal reserve bank stock ( 2 ); december 31 2012: -89 ( 89 ); december 31 2011: -328 ( 328 )
( dollar amounts in millions ): carried interest; december 31 2012: -85 ( 85 ); december 31 2011: -21 ( 21 )
( dollar amounts in millions ): deferred compensation investments; december 31 2012: -62 ( 62 ); december 31 2011: -65 ( 65 )
( dollar amounts in millions ): hedged investments; december 31 2012: -209 ( 209 ); december 31 2011: -43 ( 43 )
( dollar amounts in millions ): total 201ceconomic 201d investment exposure; december 31 2012: $ 1211; december 31 2011: $ 1062

Additional report context:
total 201ceconomic 201d investment exposure . . . $ 1211 $ 1062 ( 1 ) at december 31 , 2012 and december 31 , 2011 , approximately $ 524 million and $ 587 million , respectively , of blackrock 2019s total gaap investments were maintained in sponsored investment funds that were deemed to be controlled by blackrock in accordance with gaap , and , therefore , are consolidated even though blackrock may not economically own a majority of such funds . ( 2 ) the decrease of $ 239 million related to a lower holding requirement of federal reserve bank stock held by blackrock institutional trust company , n.a . ( 201cbtc 201d ) . total investments , as adjusted , at december 31 , 2012 increased $ 137 million from december 31 , 2011 , resulting from $ 765 million of purchases/capital contributions , $ 185 million from positive market valuations and earnings from equity method investments , and $ 64 million from net additional carried interest capital allocations , partially offset by $ 742 million of sales/maturities and $ 135 million of distributions representing return of capital and return on investments. .

Question: in 2012 , investments held by consolidated sponsored investment funds reduced the company's investment exposure by what percent?
Answer: .302