Goldman Sachs 2015 Annual Report Download - page 164

THE GOLDMAN SACHS GROUP, INC. AND SUBSIDIARIES
Notes to Consolidated Financial Statements
Fair Value of Other Financial Assets and Financial
Liabilities by Level
The tables below present, by level within the fair value
hierarchy, other financial assets and financial liabilities
accounted for at fair value primarily under the fair value
option. In the tables below:
‰Securities segregated for regulatory and other purposes
include segregated securities accounted for at fair value
under the fair value option and consists of securities
borrowed and resale agreements.
‰Level 1 other financial assets at fair value include U.S.
Treasury securities segregated for regulatory and other
purposes accounted for at fair value under other U.S.
GAAP.
‰Other financial assets are shown as positive amounts and
other financial liabilities are shown as negative amounts.
Other Financial Assets and Liabilities
at Fair Value as of December 2015
$ in millions Level 1 Level 2 Level 3 Total
Assets
Securities segregated
for regulatory and
other purposes $19,562 $ 18,942 $ — $ 38,504
Securities purchased
under agreements to
resell — 119,450 — 119,450
Securities borrowed — 69,801 — 69,801
Receivables from
customers and
counterparties — 4,947 45 4,992
Total $19,562 $ 213,140 $ 45 $ 232,747
Liabilities
Deposits $ — $ (12,465) $ (2,215) $ (14,680)
Securities sold under
agreements to
repurchase — (85,998) (71) (86,069)
Securities loaned — (466) — (466)
Other secured
financings — (22,658) (549) (23,207)
Unsecured short-term
borrowings — (13,610) (4,133) (17,743)
Unsecured long-term
borrowings — (18,049) (4,224) (22,273)
Other liabilities and
accrued expenses — (1,201) (52) (1,253)
Total $ — $(154,447) $(11,244) $(165,691)
Other Financial Assets and Liabilities
at Fair Value as of December 2014
$ in millions Level 1 Level 2 Level 3 Total
Assets
Securities segregated for
regulatory and other
purposes $21,168 $ 13,123 $ — $ 34,291
Securities purchased
under agreements to
resell — 126,036 — 126,036
Securities borrowed — 66,769 — 66,769
Receivables from
customers and
counterparties — 6,888 56 6,944
Total $21,168 $ 212,816 $ 56 $ 234,040
Liabilities
Deposits $ — $ (12,458) $(1,065) $ (13,523)
Securities sold under
agreements to
repurchase — (88,091) (124) (88,215)
Securities loaned — (765) — (765)
Other secured financings — (20,359) (1,091) (21,450)
Unsecured short-term
borrowings — (15,114) (3,712) (18,826)
Unsecured long-term
borrowings — (13,420) (2,585) (16,005)
Other liabilities and
accrued expenses — (116) (715) (831)
Total $ — $(150,323) $(9,292) $(159,615)
Transfers Between Levels of the Fair Value Hierarchy
Transfers between levels of the fair value hierarchy are
reported at the beginning of the reporting period in which
they occur. There were no transfers of other financial assets
and financial liabilities between level 1 and level 2 during
2015 or 2014. The table below presents information about
transfers between level 2 and level 3.
152 Goldman Sachs 2015 Form 10-K