The Goldman Sachs Group, Inc. (GS) 10-Q 5 Aug 09 2009 Q2 Quarterly report Financial data

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (USD $)
In Millions, except Per Share data	3 Months Ended Jun. 26, 2009	3 Months Ended May. 30, 2008	6 Months Ended Jun. 26, 2009	6 Months Ended May. 30, 2008
Revenues
Investment banking	$1,440	$1,685	$2,263	$2,851
Trading and principal investments	9,322	5,239	15,028	10,116
Asset management and securities services	957	1,221	1,946	2,562
Total non-interest revenues	11,719	8,145	19,237	15,529
Interest income	3,470	9,498	7,832	20,743
Interest expense	1,428	8,221	3,883	18,515
Net interest income	2,042	1,277	3,949	2,228
Net revenues, including net interest income	13,761	9,422	23,186	17,757
Operating expenses
Compensation and benefits	6,649	4,522	11,361	8,523
Brokerage, clearing, exchange and distribution fees	574	741	1,110	1,531
Market development	82	126	150	270
Communications and technology	173	192	346	379
Depreciation and amortization	426	220	975	474
Occupancy	242	234	483	470
Professional fees	145	185	280	363
Other expenses	441	370	823	772
Total non-compensation expenses	2,083	2,068	4,167	4,259
Total operating expenses	8,732	6,590	15,528	12,782
Pre-tax earnings	5,029	2,832	7,658	4,975
Provision for taxes	1,594	745	2,409	1,377
Net earnings	3,435	2,087	5,249	3,598
Preferred stock dividends	717	36	872	80
Net earnings applicable to common shareholders	$2,718	$2,051	$4,377	$3,518
Earnings per common share
Basic	5.27	4.8	8.81	8.18
Diluted	4.93	4.58	8.42	7.81
Dividends declared per common share	0.35	0.35	0.35	0.7
Average common shares outstanding
Basic	514.1	427.5	495.7	430.3
Diluted	551	447.4	520.1	450.6

1_CONDENSED CONSOLIDATED STATEM

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (USD $)
In Millions	Jun. 26, 2009	Nov. 28, 2008
Assets
Cash and cash equivalents	$22,177	$15,740
Cash and securities segregated for regulatory and other purposes (includes $32,038 and $78,830 at fair value as of June 2009 and November 2008, respectively)	53,813	106,664
Securities purchased under agreements to resell and federal funds sold (includes $138,339 and $116,671 at fair value as of June 2009 and November 2008, respectively)	138,339	122,021
Securities borrowed (includes $87,018 and $59,810 at fair value as of June 2009 and November 2008, respectively)	218,544	180,795
Receivables from brokers, dealers and clearing organizations	21,934	25,899
Receivables from customers and counterparties (includes $1,913 and $1,598 at fair value as of June 2009 and November 2008, respectively)	50,381	64,665
Trading assets, at fair value (includes $31,135 and $26,313 pledged as collateral as of June 2009 and November 2008, respectively)	355,251	338,325
Other assets	29,105	30,438
Total assets	889,544	884,547
Liabilities and shareholders' equity
Deposits (includes $5,045 and $4,224 at fair value as of June 2009 and November 2008, respectively)	41,457	27,643
Securities sold under agreements to repurchase, at fair value	132,982	62,883
Securities loaned (includes $12,194 and $7,872 at fair value as of June 2009 and November 2008, respectively)	20,289	17,060
Other secured financings (includes $17,480 and $20,249 at fair value as of June 2009 and November 2008, respectively)	30,297	38,683
Payables to brokers, dealers and clearing organizations	11,028	8,585
Payables to customers and counterparties	185,353	245,258
Trading liabilities, at fair value	147,297	175,972
Unsecured short-term borrowings, including the current portion of unsecured long-term borrowings (includes $14,920 and $23,075 at fair value as of June 2009 and November 2008, respectively)	35,173	52,658
Unsecured long-term borrowings (includes $19,897 and $17,446 at fair value as of June 2009 and November 2008, respectively)	191,242	168,220
Other liabilities and accrued expenses (includes $2,162 and $978 at fair value as of June 2009 and November 2008, respectively)	31,613	23,216
Total liabilities	826,731	820,178
Shareholders' equity
Preferred stock, par value $0.01 per share; aggregate liquidation preference of $8,100 and $18,100 as of June 2009 and November 2008, respectively	6,957	16,471
Common stock, par value $0.01 per share; 4,000,000,000 shares authorized, 749,041,990 and 680,953,836 shares issued as of June 2009 and November 2008, respectively, and 510,736,634 and 442,537,317 shares outstanding as of June 2009 and November 2008, respectively	7	7
Restricted stock units and employee stock options	5,187	9,284
Nonvoting common stock, par value $0.01 per share; 200,000,000 shares authorized, no shares issued and outstanding	0	0
Additional paid-in capital	40,342	31,071
Retained earnings	42,827	39,913
Accumulated other comprehensive loss	(350)	(202)
Common stock held in treasury, at cost, par value $0.01 per share; 238,305,356 and 238,416,519 shares as of June 2009 and November 2008, respectively	(32,157)	(32,175)
Total shareholders' equity	62,813	64,369
Total liabilities and shareholders' equity	$889,544	$884,547

2_CONDENSED CONSOLIDATED STATEM

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Parenthetical) (USD $)
In Millions, except Share data, unless otherwise specified	Jun. 26, 2009	Nov. 28, 2008
CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Parenthetical)
Cash and securities segregated for regulatory and other purposes at fair value	$32,038	$78,830
Securities purchased under agreements to resell and federal funds sold at fair value	138,339	116,671
Securities borrowed at fair value	87,018	59,810
Receivables from customers and counterparties at fair value	1,913	1,598
Trading assets at fair value pledged as collateral	31,135	26,313
Deposits at fair value	5,045	4,224
Securities loaned at fair value	12,194	7,872
Other secured financings at fair value	17,480	20,249
Unsecured short-term borrowings, including the current portion of unsecured long-term borrowings, at fair value	14,920	23,075
Unsecured long-term borrowings at fair value	19,897	17,446
Other liabilities and accrued expenses at fair value	2,162	978
Preferred Stock, Parenthetical
Par value	0.01	0.01
Liquidation preference	$8,100	$18,100
Common Stock, Parenthetical
Par value	0.01	0.01
Shares authorized	4,000,000,000	4,000,000,000
Shares issued	749,041,990	680,953,836
Shares outstanding	510,736,634	442,537,317
Nonvoting Common Stock, Parenthetical
Par value	0.01	0.01
Shares authorized	200,000,000	200,000,000
Treasury Stock, Parenthetical
Par value	0.01	0.01
Shares	238,305,356	238,416,519

3_CONDENSED CONSOLIDATED STATEM

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (USD $)
In Millions	Preferred stock [Member]		Common stock [Member]		Restricted stock units and employee stock options [Member]		Additional paid-in capital [Member]		Retained earnings [Member]		Accumulated other comprehensive income/(loss) [Member]		Common stock held in treasury, at cost [Member]		Total
Balance, beginning of period at Nov. 30, 2007	$3,100		$6		$9,302		$22,027		$38,642		($118)		($30,159)		$42,800
Balance, beginning of period at Nov. 30, 2007	3,100		6		9,302		22,027		38,642		(118)		(30,159)		42,800
Cumulative effect of adjustment from adoption of FIN 48									(201)
Balance, beginning of period, after cumulative effect of adjustments									38,441
Issued	13,367		1				5,750
Accretion	4								(4)
Preferred stock repurchased	0
Issuance and amortization of restricted stock units and employee stock options					2,254
Delivery of common stock underlying restricted stock units					(1,995)
Forfeiture of restricted stock units and employee stock options					(274)
Exercise of employee stock options					(3)
Repurchased													(2,037)
Reissued													21
Issuance of common stock warrants							1,633
Delivery of common stock underlying restricted stock units and proceeds from the exercise of employee stock options							2,331
Cancellation of restricted stock units in satisfaction of withholding tax requirements							(1,314)
Preferred and common stock issuance costs							(1)
Excess net tax benefit/(provision) related to share-based compensation							645
Cash settlement of share-based compensation							0
Currency translation adjustment, net of tax											(98)
Pension and postretirement liability adjustment, net of tax											69
Net unrealized gains/(losses) on available-for-sale securities, net of tax											(55)
Dividends declared on preferred stock									(204)
Net earnings									2,322
Dividends and dividend equivalents declared on common stock and restricted stock units									(642)
Balance, end of period at Nov. 28, 2008	16,471		7		9,284		31,071		39,913		(202)		(32,175)		64,369
Balance, beginning of period at Dec. 26, 2008	16,483	[1]	7	[1]	9,463	[1]	31,070	[1]	38,579	[1]	(372)	[1]	(32,176)	[1]	63,054
Issued	0		0				5,750								5,750
Accretion	48								(48)						0
Preferred stock repurchased	(9,574)														(9,574)
Issuance and amortization of restricted stock units and employee stock options					959										959
Delivery of common stock underlying restricted stock units					(5,174)										(5,174)
Forfeiture of restricted stock units and employee stock options					(60)										(60)
Exercise of employee stock options					(1)										(1)
Repurchased													(2)	[2]	(2)
Reissued													21		21
Issuance of common stock warrants							0								0
Delivery of common stock underlying restricted stock units and proceeds from the exercise of employee stock options							5,303								5,303
Cancellation of restricted stock units in satisfaction of withholding tax requirements							(849)								(849)
Preferred and common stock issuance costs							0								0
Excess net tax benefit/(provision) related to share-based compensation							(930)								(930)
Cash settlement of share-based compensation							(2)								(2)
Currency translation adjustment, net of tax											(29)				(29)
Pension and postretirement liability adjustment, net of tax											17				17
Net unrealized gains/(losses) on available-for-sale securities, net of tax											34				34
Dividends declared on preferred stock									(756)						(756)
Net earnings									5,249						5,249
Dividends and dividend equivalents declared on common stock and restricted stock units									(197)						(197)
Balance, end of period at Jun. 26, 2009	$6,957		$7		$5,187		$40,342		$42,827		($350)		($32,157)		$62,813
[1]In connection with becoming a bank holding company, the firm was required to change its fiscal year-end from November to December. The beginning of period for the six months ended June 2009 is December 26, 2008.
[2]Relates to repurchases of common stock by a broker-dealer subsidiary to facilitate customer transactions in the ordinary course of business and shares withheld to satisfy withholding tax requirements.

4_CONDENSED CONSOLIDATED STATEM

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions	3 Months Ended Jun. 26, 2009	3 Months Ended May. 30, 2008	6 Months Ended Jun. 26, 2009	6 Months Ended May. 30, 2008
Cash flows from operating activities
Net earnings	$3,435	$2,087	$5,249	$3,598
Non-cash items included in net earnings
Depreciation and amortization			1,176	654
Share-based compensation			907	894
Changes in operating assets and liabilities
Cash and securities segregated for regulatory and other purposes			58,895	35,265
Net receivables from brokers, dealers and clearing organizations			2,715	(1,485)
Net payables to customers and counterparties			(37,786)	54,916
Securities borrowed, net of securities loaned			(16,490)	(15,196)
Securities sold under agreements to repurchase, net of securities purchased under agreements to resell and federal funds sold			(136,246)	(89,500)
Trading assets, at fair value			172,389	28,881
Trading liabilities, at fair value			(38,731)	(32,154)
Other, net			3,942	35
Net cash provided by/(used for) operating activities			16,020	(14,092)
Cash flows from investing activities
Purchase of property, leasehold improvements and equipment			(653)	(1,033)
Proceeds from sales of property, leasehold improvements and equipment			50	55
Business acquisitions, net of cash acquired			(208)	(2,199)
Proceeds from sales of investments			140	80
Purchase of available-for-sale securities			(1,904)	(2,556)
Proceeds from sales of available-for-sale securities			1,803	2,090
Net cash used for investing activities			(772)	(3,563)
Cash flows from financing activities
Unsecured short-term borrowings, net			(10,965)	(7,286)
Other secured financings (short-term), net			(6,531)	(8,341)
Proceeds from issuance of other secured financings (long-term)			3,400	5,014
Repayment of other secured financings (long-term), including the current portion			(2,850)	(3,648)
Proceeds from issuance of unsecured long-term borrowings			20,875	31,790
Repayment of unsecured long-term borrowings, including the current portion			(16,805)	(11,751)
Preferred stock repurchased			(9,574)	0
Derivative contracts with a financing element, net			1,815	155
Deposits, net			9,327	14,148
Common stock repurchased			(2)	(1,761)
Dividends and dividend equivalents paid on common stock, preferred stock and restricted stock units			(1,495)	(393)
Proceeds from issuance of common stock, including stock option exercises			5,893	170
Excess tax benefit related to share-based compensation			38	582
Cash settlement of share-based compensation			(2)	0
Net cash provided by/(used for) financing activities			(6,876)	18,679
Net increase in cash and cash equivalents			8,372	1,024
Cash and cash equivalents, beginning of period			13,805	10,282
Cash and cash equivalents, end of period	22,177	11,306	22,177	11,306
SUPPLEMENTAL DISCLOSURES:
Cash payments for interest, net of capitalized interest			4,580	18,680
Cash payments for income taxes, net of refunds			1,810	1,390
Non-cash activities:
Debt assumed in connection with business acquisitions			$16	$610

5_CONDENSED CONSOLIDATED STATEM

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $)
In Millions	3 Months Ended Jun. 26, 2009	3 Months Ended May. 30, 2008	6 Months Ended Jun. 26, 2009	6 Months Ended May. 30, 2008
Net earnings	$3,435	$2,087	$5,249	$3,598
Currency translation adjustment, net of tax	(54)	(21)	(29)	(12)
Pension and postretirement liability adjustment, net of tax	8	6	17	6
Net unrealized gains/(losses) on available-for-sale securities, net of tax	53	23	34	(12)
Comprehensive income	$3,442	$2,095	$5,271	$3,580

Description of Business

Description of Business
	6 Months Ended Jun. 26, 2009 USD / shares
Description of Business [Abstract]
Description of Business [Text Block]	Note1. Description of Business The Goldman Sachs Group, Inc. (GroupInc.), a Delaware corporation, together with its consolidated subsidiaries (collectively, the firm), is a leading global financial services firm providing investment banking, securities and investment management services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world. The firms activities are divided into three segments: Investment Banking.The firm provides a broad range of investment banking services to a diverse group of corporations, financial institutions, investment funds, governments and individuals. Trading and Principal Investments.The firm facilitates client transactions with a diverse group of corporations, financial institutions, investment funds, governments and individuals and takes proprietary positions through market making in, trading of and investing in fixed income and equity products, currencies, commodities and derivatives on these products. In addition, the firm engages in market-making and specialist activities on equities and options exchanges, and the firm clears client transactions on major stock, options and futures exchanges worldwide. In connection with the firms merchant banking and other investing activities, the firm makes principal investments directly and through funds that the firm raises and manages. Asset Management and Securities Services.The firm provides investment advisory and financial planning services and offers investment products (primarily through separately managed accounts and commingled vehicles, such as mutual funds and private investment funds) across all major asset classes to a diverse group of institutions and individuals worldwide and provides prime brokerage services, financing services and securities lending services to institutional clients, including hedge funds, mutual funds, pension funds and foundations, and to high-net-worth individuals worldwide.

Significant Accounting Policies

Significant Accounting Policies
	6 Months Ended Jun. 26, 2009 USD / shares
Significant Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	Note2. Significant Accounting Policies Basis of Presentation These condensed consolidated financial statements include the accounts of GroupInc. and all other entities in which the firm has a controlling financial interest. All material intercompany transactions and balances have been eliminated. The firm determines whether it has a controlling financial interest in an entity by first evaluating whether the entity is a voting interest entity, a variable interest entity (VIE) or a qualifying special-purpose entity (QSPE) under generally accepted accounting principles. Voting Interest Entities.Voting interest entities are entities in which (i)the total equity investment at risk is sufficient to enable the entity to finance its activities independently and (ii)the equity holders have the obligation to absorb losses, the right to receive residual returns and the right to make decisions about the entitys activities. Voting interest entities are consolidated in accordance with Accounting Research Bulletin (ARB) No.51, Consolidated Financial Statements, as amended. The usual condition for a controlling financial interest in an entity is ownership of a majority voting interest. Accordingly, the firm consolidates voting interest entities in which it has a majority voting interest. Variable Interest Entities.VIEs are entities that lack one or more of the characteristics of a voting interest entity. A controlling financial interest in a VIE is present when an enterprise has a variable interest, or a combination of variable interests, that will absorb a majority of the VIEs expected losses, receive a majority of the VIEs expected residual returns, or both. The enterprise with a controlling financial interest, known as the primary beneficiary, consolidates the VIE. In accordance with Financial Accounting Standards Board (FASB) Interpretation (FIN)46-R, Consolidation of Variable Interest Entities, the firm determines whether it is the primary beneficiary of a VIE by first performing a qualitative analysis of the VIEs expected losses and expected residual returns. This analysis includes a review of, among other factors, the VIEs capital structure, contractual terms, which interests create or absorb variability, related party relationships and the design of the VIE. Where qualitative analysis is not conclusive, the firm performs a quantitative analysis. For purposes of allocating a VIEs expected losses and expected residual returns to its variable interest holders, the firm utilizes the top down method. Under this method, the firm calculates its share of the VIEs expected losses and expected residual returns using the specific cash flows that would be allocated to it, based on contractual arrangements and/or the firms position in the capital structure of the VIE, under various probability-weighted scenarios. The firm reassesses its initial evaluation of an entity as a VIE and its initial determination of whether the firm is the primary beneficiary of a VIE upon the occurrence of certain reconsideration events as defined in FIN46-R. See Recent Accounting Developments below for information regarding amen

Financial Instruments

Financial Instruments
	6 Months Ended Jun. 26, 2009 USD / shares
Financial Instruments [Abstract]
Financial Instruments [Text Block]	Note3. Financial Instruments Fair Value of Financial Instruments The following table sets forth the firms trading assets, at fair value, including those pledged as collateral, and trading liabilities, at fair value. At any point in time, the firm may use cash instruments as well as derivatives to manage a long or short risk position. As of June 2009 November 2008 Assets Liabilities Assets Liabilities (in millions) Commercial paper, certificates of deposit, time deposits and other money market instruments $ 16,965 (1) $ $ 8,662 (1) $ Government and U.S.federal agency obligations 136,618 48,903 69,653 37,000 Mortgage and other asset-backed loans and securities 13,730 134 22,393 340 Bank loans and bridge loans 18,349 2,419 (4) 21,839 3,108 (4) Corporate debt securities and other debt obligations 27,926 6,056 27,879 5,711 Equities and convertible debentures 50,955 21,634 57,049 12,116 Physical commodities 682 513 2 Derivative contracts 90,026 (2) 68,151 (5) 130,337 (2) 117,695 (5) Total $ 355,251 (3) $ 147,297 $ 338,325 (3) $ 175,972 (1) Includes $4.56billion and $4.40billion as of June2009 and November2008, respectively, of money market instruments held by William Street Funding Corporation (Funding Corp.) to support the William Street credit extension program. See Note8 for further information regarding the William Street program. (2) Net of cash received pursuant to credit support agreements of $133.34billion and $137.16billion as of June2009 and November2008, respectively. (3) Includes $3.76billion and $1.68billion as of June2009 and November2008, respectively, of securities held within the firms insurance subsidiaries which are accounted for as available-for-sale under SFASNo.115. (4) Consists of the fair value of unfunded commitments to extend credit. The fair value of partially funded commitments is included in trading assets. (5) Net of cash paid pursuant to credit support agreements of $16.31billion and $34.01billion as of June2009 and November2008, respectively. Fair Value Hierarchy The firms financial assets at fair value classified within level3 of the fair value hierarchy are summarized below: As of June March November 2009 2009 2008 ($ in millions) Total level3 assets $ 54,444 $ 59,062 $ 66,190 Level3 assets for which the firm bears economic exposure(1) 50,383 54,660 59,574

Securitization Activities and V

Securitization Activities and Variable Interest Entities
	6 Months Ended Jun. 26, 2009 USD / shares
Securitization Activities and Variable Interest Entities [Abstract]
Securitization Activities and Variable Interest Entities	Note4. Securitization Activities and Variable Interest Entities Securitization Activities The firm securitizes commercial and residential mortgages, government and corporate bonds and other types of financial assets. The firm acts as underwriter of the beneficial interests that are sold to investors. The firm derecognizes financial assets transferred in securitizations, provided it has relinquished control over such assets. Transferred assets are accounted for at fair value prior to securitization. Net revenues related to these underwriting activities are recognized in connection with the sales of the underlying beneficial interests to investors. The firm may have continuing involvement with transferred assets, including: retaining interests in securitized financial assets, primarily in the form of senior or subordinated securities; retaining servicing rights; and purchasing senior or subordinated securities in connection with secondary market-making activities. Retained interests and other interests related to the firms continuing involvement are accounted for at fair value and are included in Trading assets, at fair value in the condensed consolidated statements of financial condition. See Note2 for additional information regarding fair value measurement. During the three and six months ended June2009, the firm securitized $12.91billion and $16.47billion, respectively, of financial assets in which the firm had continuing involvement as of June2009, including $12.41billion and $15.88billion, respectively, of residential mortgages, primarily in connection with government agency securitizations, and $496million and $591million, respectively, of other financial assets. During the three and six months ended May2008, the firm securitized $3.97billion and $6.54billion, respectively, of financial assets, including $2.59billion and $4.11billion, respectively, of residential mortgages, $773million and $773million, respectively, of commercial mortgages, and $605million and $1.65billion, respectively, of other financial assets, primarily in connection with CLOs. Cash flows received on retained interests were $106million and $200million for the three and six months ended June2009, respectively, and $155million and $271million for the three and six months ended May2008, respectively. The following table sets forth certain information related to the firms continuing involvement in securitization entities to which the firm sold assets, as well as the total outstanding principal amount of transferred assets in which the firm has continuing involvement, as of June2009 in accordance with FSP No.FAS140-4 and FIN46(R)-8. The outstanding principal amount set forth in the tables below is presented for the purpose of providing information about the size of the securitization entities in which the firm has continuing involvement, and is not representative of the firms risk of loss. For retained or purchased interests, the firms risk of loss is limited to the fair value of these interests. As of June 2009(1) Outstanding Fair value of Fair value of principal re

Deposits

Deposits
	6 Months Ended Jun. 26, 2009 USD / shares
Deposits [Abstract] (DepositsNoteAbstract)
Deposits [Text Block]	Note5. Deposits The following table sets forth deposits as of June2009 and November2008: As of June November 2009 2008 (in millions) U.S.offices(1) $ 35,665 $ 23,018 Non-U.S.offices(2) 5,792 4,625 Total $ 41,457 $ 27,643 (1) Substantially all U.S.deposits were interest-bearing and were held at GS Bank USA. (2) Substantially all non-U.S.deposits were interest-bearing and held at Goldman Sachs Bank (Europe) PLC (GS Bank Europe). Included in the above table are time deposits of $13.01billion and $8.49billion as of June2009 and November2008, respectively. The following table sets forth the maturities of time deposits as of June2009: As of June 2009 U.S. Non-U.S. Total (in millions) 2009 $ 3,705 $ 981 $ 4,686 2010 1,516 14 1,530 2011 1,593 1,593 2012 839 839 2013 1,783 25 1,808 2014-thereafter 2,551 2,551 Total $ 11,987 $ 1,020 $ 13,007

Short-Term Borrowings

Short-Term Borrowings
	6 Months Ended Jun. 26, 2009 USD / shares
Short-Term Borrowings [Abstract]
Short-Term Borrowings [Text Block]	Note6. Short-Term Borrowings As of June2009 and November2008, short-term borrowings were $49.41billion and $73.89billion, respectively, comprised of $14.24billion and $21.23billion, respectively, included in Other secured financings in the condensed consolidated statements of financial condition and $35.17billion and $52.66billion, respectively, of unsecured short-term borrowings. See Note3 for information on other secured financings. Unsecured short-term borrowings include the portion of unsecured long-term borrowings maturing within one year of the financial statement date and unsecured long-term borrowings that are redeemable within one year of the financial statement date at the option of the holder. The firm accounts for promissory notes, commercial paper and certain hybrid financial instruments at fair value under SFASNo.155 or SFASNo.159. Short-term borrowings that are not recorded at fair value are recorded based on the amount of cash received plus accrued interest, and such amounts approximate fair value due to the short-term nature of the obligations. Unsecured short-term borrowings are set forth below: As of June November 2009 2008 (in millions) Current portion of unsecured long-term borrowings $ 16,062 $ 26,281 Hybrid financial instruments 8,938 12,086 Promissory notes(1) 3,294 6,944 Commercial paper(2) 463 1,125 Other short-term borrowings(3) 6,416 6,222 Total(4) $ 35,173 $ 52,658 (1) Includes $3.28billion and $3.42billion as of June2009 and November2008, respectively, guaranteed by the Federal Deposit Insurance Corporation (FDIC) under the Temporary Liquidity Guarantee Program (TLGP). (2) Includes $0 and $751million as of June2009 and November2008, respectively, guaranteed by the FDIC under the TLGP. (3) Includes $1.11billion and $0 as of June2009 and November2008, respectively, guaranteed by the FDIC under the TLGP. (4) The weighted average interest rates for these borrowings, after giving effect to hedging activities, were 1.70% and 3.37% as of June2009 and November2008, respectively, and excluded financial instruments accounted for at fair value under SFASNo.155 or SFAS No.159.

Long-Term Borrowings

Long-Term Borrowings
	6 Months Ended Jun. 26, 2009 USD / shares
Long-Term Borrowings [Abstract]
Long-Term Borrowings [Text Block]	Note7. Long-Term Borrowings As of June2009 and November2008, long-term borrowings were $207.30billion and $185.68billion, respectively, comprised of $16.06billion and $17.46billion, respectively, included in Other secured financings in the condensed consolidated statements of financial condition and $191.24billion and $168.22billion, respectively, of unsecured long-term borrowings. See Note3 for information regarding other secured financings. The firms unsecured long-term borrowings extend through 2043 and consist principally of senior borrowings. Unsecured long-term borrowings are set forth below: As of June November 2009 2008 (in millions) Fixed rate obligations(1) $ 118,723 $ 103,825 Floating rate obligations(2) 72,519 64,395 Total(3) $ 191,242 $ 168,220 (1) As of June2009 and November2008, $79.82billion and $70.08billion, respectively, of the firms fixed rate debt obligations were denominated in U.S.dollars and interest rates ranged from 1.63% to 10.04% and from 3.87% to 10.04%, respectively. As of June2009 and November2008, $38.90billion and $33.75billion, respectively, of the firms fixed rate debt obligations were denominated in non-U.S.dollars and interest rates ranged from 0.67% to 12.65% and from 0.67% to 8.88%, respectively. (2) As of June2009 and November2008, $37.77billion and $32.41billion, respectively, of the firms floating rate debt obligations were denominated in U.S.dollars. As of June2009 and November2008, $34.75billion and $31.99billion, respectively, of the firms floating rate debt obligations were denominated in non-U.S.dollars. Floating interest rates generally are based on LIBOR or the federal funds target rate. Equity-linked and indexed instruments are included in floating rate obligations. (3) Includes $20.75billion and $0 as of June2009 and November2008, respectively, guaranteed by the FDIC under the TLGP. Unsecured long-term borrowings by maturity date are set forth below (in millions): As of June 2009 2010 $ 9,303 2011 23,766 2012 26,453 2013 23,088 2014 18,055 2015-thereafter 90,577 Total(1)(2) $ 191,242 (1) Unsecured long-term borrowings maturing within one year of the financial statement date and unsecured long-term borrowings that are redeemable within one year of the financial statement date at the option of the holder are included as unsecured short-term borrowings in the condensed consolidated statements of financial condition. (2) Unsecured long-term borrowings that are repayable prior to maturity at the option of the firm are reflected at their contractual maturity dates. Unsecured long-term borrowings that are redeemable prior to maturity at the option of the holder are reflected at the dates such options become exercisable. The firm enters into derivative contrac

Commitments, Contingencies and

Commitments, Contingencies and Guarantees
	6 Months Ended Jun. 26, 2009 USD / shares
Commitments, Contingencies and Guarantees [Abstract]
Commitments, Contingencies and Guarantees [Text Block]	Note8. Commitments, Contingencies and Guarantees Commitments The following table summarizes the firms commitments as of June2009 and November2008: Commitment Amount by Fiscal Period of Expiration as of June 2009 Total Commitments as of Remainder 2010- 2012- 2014- June November of 2009 2011 2013 Thereafter 2009 2008 (in millions) Commitments to extend credit(1) Commercial lending: Investment-grade $ 990 $ 4,675 $ 2,181 $ 75 $ 7,921 $ 8,007 Non-investment-grade(2) 921 1,933 4,309 349 7,512 9,318 William Street program 1,441 9,290 13,009 439 24,179 22,610 Warehouse financing 292 40 332 1,101 Total commitments to extend credit 3,644 15,938 19,499 863 39,944 41,036 Forward starting resale and securities borrowing agreements 57,373 1,201 58,574 61,455 Forward starting repurchase and securities lending agreements 12,638 12,638 6,948 Underwriting commitments 1,858 1,858 241 Letters of credit(3) 2,890 564 179 1 3,634 7,251 Investment commitments(4) 2,112 10,598 110 903 13,723 14,266 Construction-related commitments(5) 340 50 390 483 Other 130 97 27 24 278 260 Total commitments $ 80,985 $ 28,448 $ 19,815 $ 1,791 $ 131,039 $ 131,940 (1) Commitments to extend credit are presented net of amounts syndicated to third parties. (2) Included within non-investment-grade commitments as of June2009 and November2008 were $1.31billion and $2.07billion, respectively, related to leveraged lending capital market transactions; $105million and $164million, respectively, related to commercial real estate transactions; and $6.09billion and $7.09billion, respectively, arising from other unfunded credit facilities. Including funded loans, the total notional amount of the firms leveraged lending capital market transactions was $5.38billion and $7.97billion as of June2009 and November2008, respectively. (3) Consists of commitments under letters of credit issued by vari

Shareholders' Equity

Shareholders' Equity
	6 Months Ended Jun. 26, 2009 USD / shares
Shareholders' Equity [Abstract]
Shareholders' Equity [Text Block]	Note9. Shareholders Equity Common and Preferred Equity During the second quarter of 2009, GroupInc. completed a public offering of 46.7million common shares at $123.00 per share for total proceeds of $5.75billion. In June2009, GroupInc. repurchased from the U.S.Department of the Treasury (U.S.Treasury) the 10.0million shares of the Companys Fixed Rate Cumulative Perpetual Preferred Stock, SeriesH (SeriesH Preferred Stock), that were issued to the U.S.Treasury pursuant to the U.S.Treasurys TARP Capital Purchase Program. The aggregate purchase price paid by GroupInc. to the U.S.Treasury for the SeriesH Preferred Stock, including accrued dividends, was $10.04billion. The repurchase resulted in a one-time preferred dividend of $426million, which is included in the condensed consolidated statements of earnings for the three and six months ended June2009. This one-time preferred dividend represented the difference between the carrying value and the redemption value of the SeriesH Preferred Stock. In connection with the issuance of the SeriesH Preferred Stock in October2008, the firm issued a 10-year warrant to the U.S.Treasury to purchase up to 12.2million shares of common stock at an exercise price of $122.90 per share. See Note18 for information regarding GroupInc.s repurchase of this warrant in July2009. On July13,2009, the Board declared a dividend of $0.35 per common share to be paid on September24,2009 to common shareholders of record on August25,2009. To satisfy minimum statutory employee tax withholding requirements related to the delivery of common stock underlying restricted stock units, the firm cancelled 11.1million of restricted stock units with a total value of $849million in the first half of 2009. The firms share repurchase program is intended to help maintain the appropriate level of common equity and to substantially offset increases in share count over time resulting from employee share-based compensation. The repurchase program is effected primarily through regular open-market purchases, the amounts and timing of which are determined primarily by the firms current and projected capital positions (i.e.,comparisons of the firms desired level of capital to its actual level of capital) but which may also be influenced by general market conditions and the prevailing price and trading volumes of the firms common stock. Upon repurchase of the SeriesH Preferred Stock in June2009, the Company was no longer subject to the limitations on common stock repurchases imposed under the U.S.Treasurys TARP Capital Purchase Program. As of June2009, the firm had 174,000shares of perpetual preferred stock issued and outstanding as set forth in the following table: Redemption Dividend Shares Shares Earliest Value Series Preference Issued Authorized Dividend Rate Redemption Date (in millions) A Non-cumulative 30,000 50,000 3 month LIBOR + 0.75%, with floor of 3.75% per annum April25,2010 $ 750

Earnings Per Common Share

Earnings Per Common Share
	6 Months Ended Jun. 26, 2009 USD / shares
Earnings Per Common Share [Abstract]
Earnings Per Common Share [Text Block]	Note10. Earnings Per Common Share The computations of basic and diluted earnings per common share are set forth below: Three Months Ended Six Months Ended June May June May 2009 2008 2009 2008 (in millions, except per share amounts) Numerator for basic and diluted EPS net earnings applicable to common shareholders $ 2,718 $ 2,051 $ 4,377 $ 3,518 Denominator for basic EPS weighted average number of common shares 514.1 427.5 495.7 430.3 Effect of dilutive securities(1) Restricted stock units 15.8 9.6 12.6 9.1 Stock options and warrants 21.1 10.3 11.8 11.2 Dilutive potential common shares 36.9 19.9 24.4 20.3 Denominator for diluted EPS weighted average number of common shares and dilutive potential common shares 551.0 447.4 520.1 450.6 Basic EPS(2) $ 5.27 $ 4.80 $ 8.81 $ 8.18 Diluted EPS(2) 4.93 4.58 8.42 7.81 (1) The diluted EPS computations do not include the antidilutive effect of restricted stock units (RSUs), stock options and warrants as follows: Three Months Ended Six Months Ended June May June May 2009 2008 2009 2008 (in millions) Number of antidilutive RSUs and common shares underlying antidilutive stock options and warrants 14.3 6.4 53.3 7.0 (2) In accordance with FSP No.EITF 03-6-1, unvested share-based payment awards that have non-forfeitable rights to dividends or dividend equivalents are to be treated as a separate class of securities in calculating earnings per share. The firm adopted the FSP in the first quarter of fiscal 2009. The impact to basic earnings per common share for the three and six months ended June2009 was a reduction of $0.02 per common share. There was no impact on diluted earnings per common share. Prior periods have not been restated due to immateriality.

Goodwill and Identifiable Intan

Goodwill and Identifiable Intangible Assets
	6 Months Ended Jun. 26, 2009 USD / shares
Goodwill and Identifiable Intangible Assets [Abstract]
Goodwill and Identifiable Intangible Assets [Text Block]	Note11. Goodwill and Identifiable Intangible Assets Goodwill The following table sets forth the carrying value of the firms goodwill by operating segment, which is included in Other assets in the condensed consolidated statements of financial condition: As of June November 2009 2008 (in millions) Investment Banking Underwriting $ 125 $ 125 Trading and Principal Investments FICC 256 247 Equities(1) 2,389 2,389 Principal Investments 84 80 Asset Management and Securities Services Asset Management(2) 565 565 Securities Services 117 117 Total $ 3,536 $ 3,523 (1) Primarily related to SLK LLC (SLK). (2) Primarily related to The Ayco Company, L.P. (Ayco). Identifiable Intangible Assets The following table sets forth the gross carrying amount, accumulated amortization and net carrying amount of the firms identifiable intangible assets: As of June November 2009 2008 (in millions) Customer lists(1) Gross carrying amount $ 1,116 $ 1,160 Accumulated amortization (438 ) (436 ) Net carrying amount $ 678 $ 724 New York Stock Gross carrying amount $ 714 $ 714 Exchange (NYSE) Accumulated amortization (274 ) (252 ) DMM rights Net carrying amount $ 440 $ 462 Insurance-related Gross carrying amount $ 292 $ 292 assets(2) Accumulated amortization (167 ) (137 ) Net carrying amount $ 125 $ 155 Exchange-traded Gross carrying amount $ 138 $ 138 fund (ETF) lead Accumulated amortization (46 ) (43 ) market maker rights Net carrying amount $ 92 $ 95 Other(3) Gross carrying amount $ 195 $ 178 Accumulated amortization (93 ) (85 ) Net carrying amount $ 102 $ 93 Total Gross carrying amount $ 2,455 $ 2,482 Accumulated amortization (1,018 ) (953 ) Net carrying amount $ 1,437 $ 1,529 (1) Primarily includes the firms clearance and execution and NASDAQ customer lists related to SLK and financial counseling customer lists rel

Other Assets and Other Liabilit

Other Assets and Other Liabilities
	6 Months Ended Jun. 26, 2009 USD / shares
Other Assets and Other Liabilities [Abstract]
Other Assets and Other Liabilities [Text Block]	Note12. Other Assets and Other Liabilities Other Assets Other assets are generally less liquid, non-financial assets. The following table sets forth the firms other assets by type: As of June November 2009 2008 (in millions) Property, leasehold improvements and equipment(1) $ 10,925 $ 10,793 Goodwill and identifiable intangible assets(2) 4,973 5,052 Income tax-related assets 7,829 8,359 Equity-method investments(3) 1,425 1,454 Miscellaneous receivables and other 3,953 4,780 Total $ 29,105 $ 30,438 (1) Net of accumulated depreciation and amortization of $7.67billion and $6.55billion as of June2009 and November2008, respectively. (2) See Note11 for further information regarding the firms goodwill and identifiable intangible assets. (3) Excludes investments of $2.81billion and $3.45billion accounted for at fair value under SFASNo.159 as of June2009 and November2008, respectively, which are included in Trading assets, at fair value in the condensed consolidated statements of financial condition. Other Liabilities The following table sets forth the firms other liabilities and accrued expenses by type: As of June November 2009 2008 (in millions) Compensation and benefits $ 10,178 $ 4,646 Insurance-related liabilities(1) 11,851 9,673 Noncontrolling interests(2) 938 1,127 Income tax-related liabilities 3,010 2,865 Employee interests in consolidated funds 438 517 Accrued expenses and other payables 5,198 4,388 Total $ 31,613 $ 23,216 (1) Insurance-related liabilities are set forth in the table below: As of June November 2009 2008 (in millions) Separate account liabilities $ 3,808 $ 3,628 Liabilities for future benefits and unpaid claims 6,895 4,778 Contract holder account balances 812 899 Reserves for guaranteed minimum death and income benefits 336 368 Total insurance-related liabilities $ 11,851 $ 9,673 Separate account liabilities are supported by separate account assets, representing segregated contract holder funds under variable annuity and life insurance contracts. Separate account assets are included in Cash and securities segregated for regulatory and other purposes in the condensed consolidated statements of financial condition. Liabilities for future benefits and unpaid claims include liabilities arising from reinsurance provided by the firm to other insurers. The firm had a receiv

Transactions with Affiliated Fu

Transactions with Affiliated Funds
	6 Months Ended Jun. 26, 2009 USD / shares
Transactions with Affiliated Funds [Abstract]
Transactions with Affiliated Funds [Text Block]	Note13. Transactions with Affiliated Funds The firm has formed numerous nonconsolidated investment funds with third-party investors. The firm generally acts as the investment manager for these funds and, as such, is entitled to receive management fees and, in certain cases, advisory fees, incentive fees or overrides from these funds. These fees amounted to $1.19billion and $1.76billion for the six months ended June2009 and May2008, respectively. As of June2009 and November2008, the fees receivable from these funds were $908million and $861million, respectively. Additionally, the firm may invest alongside the third-party investors in certain funds. The aggregate carrying value of the firms interests in these funds was $12.82billion and $14.45billion as of June2009 and November2008, respectively. In the ordinary course of business, the firm may also engage in other activities with these funds, including, among others, securities lending, trade execution, trading, custody, and acquisition and bridge financing. See Note8 for the firms commitments related to these funds.

Income Taxes

Income Taxes
	6 Months Ended Jun. 26, 2009 USD / shares
Income Taxes [Abstract]
Income Taxes [Text Block]	Note14. Income Taxes The firm is subject to examination by the U.S.Internal Revenue Service (IRS) and other taxing authorities in jurisdictions where the firm has significant business operations, such as the United Kingdom, Japan, Hong Kong, Korea and various states, such as New York. The tax years under examination vary by jurisdiction. The firm does not expect unrecognized tax benefits to change significantly during the twelve months subsequent to June2009. Below is a table of the earliest tax years that remain subject to examination by major jurisdiction: Earliest Tax Year Subject to Jurisdiction Examination U.S.Federal 2005 (1) New York State and City 2004 (2) United Kingdom 2005 Japan 2005 Hong Kong 2003 Korea 2003 (1) IRS examination of fiscal 2005, 2006 and 2007 began during 2008. IRS examination of fiscal 2003 and 2004 has been completed but the liabilities for those years are not yet final. (2) New York State and City examination of fiscal 2004, 2005 and 2006 began in 2008. New York State examinations of fiscal 1999 through 2003 have been completed but the liabilities for those years are not yet final. All years subsequent to the above years remain open to examination by the taxing authorities. The firm believes that the liability for unrecognized tax benefits it has established is adequate in relation to the potential for additional assessments. The resolution of tax matters is not expected to have a material effect on the firms financial condition but may be material to the firms operating results for a particular period, depending, in part, upon the operating results for that period.

Regulation and Capital Adequacy

Regulation and Capital Adequacy
	6 Months Ended Jun. 26, 2009 USD / shares
Regulation and Capital Adequacy [Abstract]
Regulation and Capital Adequacy [Text Block]	Note15. Regulation and Capital Adequacy The Federal Reserve Board is the primary U.S.regulator of GroupInc. As a bank holding company, the firm is subject to consolidated regulatory capital requirements administered by the Federal Reserve Board. The firms bank depository institution subsidiaries, including GS Bank USA, are subject to similar capital requirements. Under the Federal Reserve Boards capital adequacy requirements and the regulatory framework for prompt corrective action (PCA) that is applicable to GSBank USA, the firm and its bank depository institution subsidiaries must meet specific capital requirements that involve quantitative measures of assets, liabilities and certain off-balance-sheet items as calculated under regulatory reporting practices. The firm and its bank depository institution subsidiaries capital levels, as well as GS Bank USAs PCA classification, are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. Many of the firms subsidiaries, including GSCo. and the firms other broker-dealer subsidiaries, are subject to separate regulation and capital requirements as described below. The following table sets forth information regarding GroupInc.s capital ratios as of June2009 calculated in accordance with the Federal Reserve Boards regulatory capital requirements currently applicable to bank holding companies, which are based on the Capital Accord of the Basel Committee on Banking Supervision (Basel I). These ratios are used by the Federal Reserve Board and other U.S.Federal banking agencies in the supervisory review process, including the assessment of the firms capital adequacy. The calculation of these ratios includes certain market risk measures that are under review by the Federal Reserve Board, as part of GroupInc.s transition to bank holding company status. The calculation of these ratios has not been reviewed with the Federal Reserve Board and, accordingly, these ratios may be revised in subsequent filings. As of June 2009 ($ in millions) Tier1 Capital Common shareholders equity $ 55,856 Preferred stock 6,957 Junior subordinated debt issued to trusts 5,000 Less: Goodwill (3,536 ) Less: Disallowable intangible assets (1,437 ) Less: Other deductions(1) (6,297 ) Tier1 Capital 56,543 Tier2 Capital Qualifying subordinated debt(2) 13,989 Less: Other deductions(1) (160 ) Tier2 Capital $ 13,829 Total Capital $ 70,372 Risk-Weighted Assets $ 409,204 Tier1 Capital Ratio 13.8 % Total Capital Ratio 17.2 % Tier1 Leverage Ratio 6.4 % (1) Principally includes equity investments in non-financial companies and the cumulative change in the fair value of the firms unsecured borrowings attributable to the impact of changes in the firms own credit spreads, disallowed deferred t

Business Segments

Business Segments
	6 Months Ended Jun. 26, 2009 USD / shares
Business Segments [Abstract]
Business Segments [Text Block]	Note16. Business Segments In reporting to management, the firms operating results are categorized into the following three business segments: Investment Banking, Trading and Principal Investments, and Asset Management and Securities Services. See Note18 to the consolidated financial statements in PartII, Item8 of the firms Annual Report on Form10-K for the fiscal year ended November2008 for a discussion of the basis of presentation for the firms business segments. Segment Operating Results Management believes that the following information provides a reasonable representation of each segments contribution to consolidated pre-tax earnings and total assets: As of or for the Three Months Ended Six Months Ended June May June May 2009 2008 2009 2008 (in millions) Investment Net revenues $ 1,440 $ 1,685 $ 2,263 $ 2,857 Banking Operating expenses 1,167 1,155 1,872 2,095 Pre-tax earnings $ 273 $ 530 $ 391 $ 762 Segment assets $ 1,473 $ 7,269 $ 1,473 $ 7,269 Trading and Net revenues $ 10,784 $ 5,591 $ 17,934 $ 10,715 Principal Operating expenses 6,290 3,961 11,163 7,704 Investments Pre-tax earnings $ 4,494 $ 1,630 $ 6,771 $ 3,011 Segment assets $ 696,454 $ 724,122 $ 696,454 $ 724,122 Asset Management Net revenues $ 1,537 $ 2,146 $ 2,989 $ 4,185 and Securities Operating expenses 1,250 1,477 2,455 2,970 Services Pre-tax earnings $ 287 $ 669 $ 534 $ 1,215 Segment assets $ 191,617 $ 356,754 $ 191,617 $ 356,754 Total Net revenues(1)(2) $ 13,761 $ 9,422 $ 23,186 $ 17,757 Operating expenses(3) 8,732 6,590 15,528 12,782 Pre-tax earnings(4) $ 5,029 $ 2,832 $ 7,658 $ 4,975 Total assets $ 889,544 $ 1,088,145 $ 889,544 $ 1,088,145 (1) Net revenues in

Interest Income and Interest Ex

Interest Income and Interest Expense
	6 Months Ended Jun. 26, 2009 USD / shares
Interest Income and Interest Expense [Abstract]
Interest Income and Interest Expense [Text Block]	Note17. Interest Income and Interest Expense The following table sets forth the details of the firms interest income and interest expense: Three Months Ended Six Months Ended June May June May 2009 2008 2009 2008 (in millions) Interest income(1) Deposits with banks $ 18 $ 38 $ 40 $ 87 Securities borrowed, securities purchased under agreements to resell and federal funds sold 176 3,184 727 7,314 Trading assets, at fair value 2,881 3,426 6,039 7,143 Other interest(2) 395 2,850 1,026 6,199 Total interest income $ 3,470 $ 9,498 $ 7,832 $ 20,743 Interest expense Deposits $ 119 $ 186 $ 269 $ 386 Securities loaned and securities sold under agreements to repurchase, at fair value 366 1,875 911 4,486 Trading liabilities, at fair value 406 630 869 1,327 Short-term borrowings(3) 154 448 394 985 Long-term borrowings(4) 648 1,891 1,597 4,260 Other interest(5) (265 ) 3,191 (157 ) 7,071 Total interest expense $ 1,428 $ 8,221 $ 3,883 $ 18,515 Net interest income $ 2,042 $ 1,277 $ 3,949 $ 2,228 (1) Interest income is recorded on an accrual basis based on contractual interest rates. (2) Primarily includes interest income on customer debit balances and other interest-earning assets. (3) Includes interest on unsecured short-term borrowings and short-term other secured financings. (4) Includes interest on unsecured long-term borrowings and long-term other secured financings. (5) Primarily includes interest expense on customer credit balances and other interest-bearing liabilities.

Subsequent Event

Subsequent Event
	6 Months Ended Jun. 26, 2009 USD / shares
Subsequent Event [Abstract]
Subsequent Events [Text Block]	Note18. Subsequent Event On July22,2009, GroupInc. repurchased in full from the U.S.Treasury the warrant to purchase 12.2million shares of common stock that was issued to the U.S.Treasury pursuant to the U.S.Treasurys TARP Capital Purchase Program. The purchase price paid by GroupInc. to the U.S.Treasury for this warrant was $1.1billion. This amount was recorded as a reduction to shareholders' equity.

Document Information

Document Information
	6 Months Ended Jun. 26, 2009 USD / shares
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Amendment Description	N.A.
Document Period End Date	2009-06-26

Entity Information

Entity Information (USD $)
In Millions, except Share data	6 Months Ended Jun. 26, 2009	Jul. 24, 2009	May. 30, 2008
Entity Information [Line Items]
Entity Registrant Name	The Goldman Sachs Group, Inc.
Entity Central Index Key	0000886982
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Public Float			$68,200
Entity Common Stock, Shares Outstanding		511,236,761