notes to consolidated financial statements see notes 6 and 7 for further information about fair value measurements of cash instruments and derivatives , respectively , included in 201cfinancial instruments owned , at fair value 201d and 201cfinancial instruments sold , but not yet purchased , at fair value , 201d and note 8 for further information about fair value measurements of other financial assets and financial liabilities accounted for at fair value under the fair value option . the table below presents financial assets and financial liabilities accounted for at fair value under the fair value option or in accordance with other u.s . gaap . in the table below , cash collateral and counterparty netting represents the impact on derivatives of netting across levels of the fair value hierarchy . netting among positions classified in the same level is included in that level. .

Table: $ in millions as of december 2013 as of december 2012 total level 1 financial assets $ 156030 $ 190737 total level 2 financial assets 499480 502293 total level 3 financial assets 40013 47095 cash collateral and counterparty netting -95350 ( 95350 ) -101612 ( 101612 ) total financial assets at fair value $ 600173 $ 638513 total assets1 $ 911507 $ 938555 total level 3 financial assets as a percentage of total assets 4.4% ( 4.4 % ) 5.0% ( 5.0 % ) total level 3 financial assets as a percentage of total financial assets at fair value 6.7% ( 6.7 % ) 7.4% ( 7.4 % ) total level 1 financialliabilities $ 68412 $ 65994 total level 2 financial liabilities 300583 318764 total level 3 financial liabilities 12046 25679 cash collateral and counterparty netting -25868 ( 25868 ) -32760 ( 32760 ) total financial liabilities at fair value $ 355173 $ 377677 total level 3 financial liabilities as a percentage of total financial liabilities at fairvalue 3.4% ( 3.4 % ) 6.8% ( 6.8 % )

1 . includes approximately $ 890 billion and $ 915 billion as of december 2013 and december 2012 , respectively , that is carried at fair value or at amounts that generally approximate fair value . level 3 financial assets as of december 2013 decreased compared with december 2012 , primarily reflecting a decrease in derivative assets , bank loans and bridge loans , and loans and securities backed by commercial real estate . the decrease in derivative assets primarily reflected a decline in credit derivative assets , principally due to settlements and unrealized losses . the decrease in bank loans and bridge loans , and loans and securities backed by commercial real estate primarily reflected settlements and sales , partially offset by purchases and transfers into level 3 . level 3 financial liabilities as of december 2013 decreased compared with december 2012 , primarily reflecting a decrease in other liabilities and accrued expenses , principally due to the sale of a majority stake in the firm 2019s european insurance business in december 2013 . see notes 6 , 7 and 8 for further information about level 3 cash instruments , derivatives and other financial assets and financial liabilities accounted for at fair value under the fair value option , respectively , including information about significant unrealized gains and losses , and transfers in and out of level 3 . 124 goldman sachs 2013 annual report .

Question: what is the growth rate in total financial liabilities at fair value in 2013?
Answer: -6.0%
Calculation: divide(subtract(355173, 377677), 377677)