Goldman, Morgan Stanley, Lehman say illiquid assets up

Goldman Sachs Group reported that its Level 3 assets jumped from $54.7 billion at the end of November to $82.3 billion at the end of February. Meanwhile, Morgan Stanley said its Level 3 assets rose from $73.7 billion to $78.2 billion, and Lehman Brothers said its Level 3 assets edged up to $42.51 billion from $41.98 billion during the same period. In its quarterly report with the Securities and Exchange Commission, Goldman also disclosed that it has been asked to provide information to government agencies and regulators about auction-rate securities.

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