the u.s . dollar-denominated gcla is composed of ( i ) unencumbered u.s . government and federal agency obligations ( including highly liquid u.s . federal agency mortgage-backed obligations ) , all of which are eligible as collateral in federal reserve open market operations and ( ii ) certain overnight u.s . dollar cash deposits . the non- u.s . dollar-denominated gcla is composed of only unencumbered german , french , japanese and united kingdom government obligations and certain overnight cash deposits in highly liquid currencies . we strictly limit our gcla to this narrowly defined list of securities and cash because they are highly liquid , even in a difficult funding environment . we do not include other potential sources of excess liquidity in our gcla , such as less liquid unencumbered securities or committed credit facilities . 72 goldman sachs 2014 annual report .
management 2019s discussion and analysis liquidity risk management liquidity is of critical importance to financial institutions . most of the failures of financial institutions have occurred in large part due to insufficient liquidity . accordingly , we have in place a comprehensive and conservative set of liquidity and funding policies to address both firm-specific and broader industry or market liquidity events . our principal objective is to be able to fund the firm and to enable our core businesses to continue to serve clients and generate revenues , even under adverse circumstances . we manage liquidity risk according to the following principles : global core liquid assets . we maintain substantial liquidity ( gcla , previously gce ) to meet a broad range of potential cash outflows and collateral needs in a stressed environment . asset-liability management . we assess anticipated holding periods for our assets and their expected liquidity in a stressed environment . we manage the maturities and diversity of our funding across markets , products and counterparties , and seek to maintain liabilities of appropriate tenor relative to our asset base . contingency funding plan . we maintain a contingency funding plan to provide a framework for analyzing and responding to a liquidity crisis situation or periods of market stress . this framework sets forth the plan of action to fund normal business activity in emergency and stress situations . these principles are discussed in more detail below . global core liquid assets our most important liquidity policy is to pre-fund our estimated potential cash and collateral needs during a liquidity crisis and hold this liquidity in the form of unencumbered , highly liquid securities and cash . we believe that the securities held in our gcla would be readily convertible to cash in a matter of days , through liquidation , by entering into repurchase agreements or from maturities of resale agreements , and that this cash would allow us to meet immediate obligations without needing to sell other assets or depend on additional funding from credit-sensitive markets . as of december 2014 and december 2013 , the fair value of the securities and certain overnight cash deposits included in our gcla , totaled $ 182.95 billion and $ 184.07 billion , respectively . based on the results of our internal liquidity risk models , discussed below , as well as our consideration of other factors including , but not limited to , an assessment of our potential intraday liquidity needs and a qualitative assessment of the condition of the financial markets and the firm , we believe our liquidity position as of both december 2014 and december 2013 was appropriate . the table below presents the fair value of the securities and certain overnight cash deposits that are included in our average for the year ended december $ in millions 2014 2013 .
in 2014 what percentage of gcla is in non-u.s . dollar denominated assets?
$ in millions the non-u.s . dollar-denominated of average for theyear ended december 2014 is 45410 ; the non-u.s . dollar-denominated of average for theyear ended december 2013 is 45826 ; $ in millions the total of average for theyear ended december 2014 is $ 179633 ; the total of average for theyear ended december 2013 is $ 182650 ;
$ in millions average for theyear ended december 2014 average for theyear ended december 2013
u.s . dollar-denominated $ 134223 $ 136824
non-u.s . dollar-denominated 45410 45826
total $ 179633 $ 182650