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Goldman Sachs Group Inc – ‘10-Q’ for 9/30/16 – ‘EX-101.LAB’

On:  Wednesday, 11/2/16, at 6:36pm ET   ·   As of:  11/3/16   ·   For:  9/30/16   ·   Accession #:  1193125-16-757421   ·   File #:  1-14965

Previous ‘10-Q’:  ‘10-Q’ on 8/4/16 for 6/30/16   ·   Next:  ‘10-Q’ on 5/4/17 for 3/31/17   ·   Latest:  ‘10-Q’ on 11/3/23 for 9/30/23

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

11/03/16  Goldman Sachs Group Inc           10-Q        9/30/16  193:25M                                    Donnelley … Solutions/FA

Quarterly Report   —   Form 10-Q   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML   2.54M 
 2: EX-12.1     Statement re: Computation of Ratios                 HTML     73K 
 3: EX-15.1     Letter re: Unaudited Interim Financial Info         HTML     59K 
 4: EX-31.1     Certification -- §302 - SOA'02                      HTML     71K 
 5: EX-32.1     Certification -- §906 - SOA'02                      HTML     59K 
12: R1          Document and Entity Information                     HTML     77K 
13: R2          Condensed Consolidated Statements of Earnings       HTML    140K 
                (Unaudited)                                                      
14: R3          Condensed Consolidated Statements of Comprehensive  HTML     77K 
                Income (Unaudited)                                               
15: R4          Condensed Consolidated Statements of Financial      HTML    154K 
                Condition (Unaudited)                                            
16: R5          Condensed Consolidated Statements of Financial      HTML    102K 
                Condition (Unaudited) (Parenthetical)                            
17: R6          Condensed Consolidated Statements of Changes in     HTML    130K 
                Shareholders' Equity (Unaudited)                                 
18: R7          Condensed Consolidated Statements of Cash Flows     HTML    150K 
                (Unaudited)                                                      
19: R8          Condensed Consolidated Statements of Cash Flows     HTML     79K 
                (Unaudited) (Parenthetical)                                      
20: R9          Description of Business                             HTML     63K 
21: R10         Basis of Presentation                               HTML     61K 
22: R11         Significant Accounting Policies                     HTML    108K 
23: R12         Financial Instruments Owned, at Fair Value and      HTML    110K 
                Financial Instruments Sold, But Not Yet Purchased,               
                at Fair Value                                                    
24: R13         Fair Value Measurements                             HTML     93K 
25: R14         Cash Instruments                                    HTML    337K 
26: R15         Derivatives and Hedging Activities                  HTML    479K 
27: R16         Fair Value Option                                   HTML    295K 
28: R17         Loans Receivable                                    HTML    116K 
29: R18         Collateralized Agreements and Financings            HTML    199K 
30: R19         Securitization Activities                           HTML    104K 
31: R20         Variable Interest Entities                          HTML    166K 
32: R21         Other Assets                                        HTML    129K 
33: R22         Deposits                                            HTML     98K 
34: R23         Short-Term Borrowings                               HTML     71K 
35: R24         Long-Term Borrowings                                HTML    109K 
36: R25         Other Liabilities and Accrued Expenses              HTML     68K 
37: R26         Commitments, Contingencies and Guarantees           HTML    151K 
38: R27         Shareholders' Equity                                HTML    188K 
39: R28         Regulation and Capital Adequacy                     HTML    298K 
40: R29         Earnings Per Common Share                           HTML     76K 
41: R30         Transactions with Affiliated Funds                  HTML     72K 
42: R31         Interest Income and Interest Expense                HTML     83K 
43: R32         Income Taxes                                        HTML     69K 
44: R33         Business Segments                                   HTML    177K 
45: R34         Credit Concentrations                               HTML     71K 
46: R35         Legal Proceedings                                   HTML    116K 
47: R36         Basis of Presentation (Policies)                    HTML    261K 
48: R37         Financial Instruments Owned, at Fair Value and      HTML    110K 
                Financial Instruments Sold, But Not Yet Purchased,               
                at Fair Value (Tables)                                           
49: R38         Fair Value Measurements (Tables)                    HTML     85K 
50: R39         Cash Instruments (Tables)                           HTML    287K 
51: R40         Derivatives and Hedging Activities (Tables)         HTML    417K 
52: R41         Fair Value Option (Tables)                          HTML    225K 
53: R42         Loans Receivable (Tables)                           HTML     99K 
54: R43         Collateralized Agreements and Financings (Tables)   HTML    167K 
55: R44         Securitization Activities (Tables)                  HTML    102K 
56: R45         Variable Interest Entities (Tables)                 HTML    141K 
57: R46         Other Assets (Tables)                               HTML    116K 
58: R47         Deposits (Tables)                                   HTML     88K 
59: R48         Short-Term Borrowings (Tables)                      HTML     69K 
60: R49         Long-Term Borrowings (Tables)                       HTML    100K 
61: R50         Other Liabilities and Accrued Expenses (Tables)     HTML     66K 
62: R51         Commitments, Contingencies and Guarantees (Tables)  HTML    115K 
63: R52         Shareholders' Equity (Tables)                       HTML    178K 
64: R53         Regulation and Capital Adequacy (Tables)            HTML    241K 
65: R54         Earnings Per Common Share (Tables)                  HTML     73K 
66: R55         Transactions with Affiliated Funds (Tables)         HTML     68K 
67: R56         Interest Income and Interest Expense (Tables)       HTML     78K 
68: R57         Income Taxes (Tables)                               HTML     62K 
69: R58         Business Segments (Tables)                          HTML    160K 
70: R59         Credit Concentrations (Tables)                      HTML     69K 
71: R60         Description of Business - Additional Information    HTML     59K 
                (Detail)                                                         
72: R61         Significant Accounting Policies - Additional        HTML     72K 
                Information (Detail)                                             
73: R62         Financial Instruments Owned, at Fair Value and      HTML    113K 
                Financial Instruments Sold, But Not Yet Purchased,               
                at Fair Value - Financial Instruments Owned and                  
                Financial Instruments Sold, But Not Yet Purchased                
                (Detail)                                                         
74: R63         Financial Instruments Owned, at Fair Value and      HTML     76K 
                Financial Instruments Sold, But Not Yet Purchased,               
                at Fair Value - Gains and Losses from Market                     
                Making and Other Principal Transactions (Detail)                 
75: R64         Fair Value Measurements - Financial Assets          HTML     85K 
                Liabilities Summary (Detail)                                     
76: R65         Fair Value Measurements - Financial Assets          HTML     59K 
                Liabilities Summary (Parenthetical) (Detail)                     
77: R66         Fair Value Measurements - Total Level 3 Financial   HTML     70K 
                Assets (Detail)                                                  
78: R67         Cash Instruments - Cash Instruments by Level        HTML    175K 
                (Detail)                                                         
79: R68         Cash Instruments - Cash Instruments by Level        HTML     77K 
                (Parenthetical) (Detail)                                         
80: R69         Cash Instruments - Fair Value, Cash Instruments,    HTML    128K 
                Measurement Inputs, Disclosure (Detail)                          
81: R70         Cash Instruments - Additional Information (Detail)  HTML     85K 
82: R71         Cash Instruments - Cash Instruments, Level 3        HTML    157K 
                Rollforward (Detail)                                             
83: R72         Cash Instruments - Investments in Funds that are    HTML     78K 
                Calculated Using Net Asset Value Per Share                       
                (Detail)                                                         
84: R73         Derivatives and Hedging Activities - Additional     HTML     88K 
                Information (Detail)                                             
85: R74         Derivatives and Hedging Activities - Fair Value of  HTML    176K 
                Derivatives on a Gross Basis (Detail)                            
86: R75         Derivatives and Hedging Activities - Fair Value of  HTML    139K 
                Derivatives by Level (Detail)                                    
87: R76         Derivatives and Hedging Activities - Fair Value,    HTML    144K 
                Derivatives, Measurement Inputs, Disclosure                      
                (Detail)                                                         
88: R77         Derivatives and Hedging Activities - Fair Value of  HTML    113K 
                Derivatives, Level 3 Rollforward (Detail)                        
89: R78         Derivatives and Hedging Activities - OTC            HTML    126K 
                Derivatives by Product Type and Tenor (Detail)                   
90: R79         Derivatives and Hedging Activities - Credit         HTML    121K 
                Derivatives (Detail)                                             
91: R80         Derivatives and Hedging Activities - Bifurcated     HTML     68K 
                Embedded Derivatives (Detail)                                    
92: R81         Derivatives and Hedging Activities - Derivatives    HTML     68K 
                with Credit-Related Contingent Features (Detail)                 
93: R82         Derivatives and Hedging Activities - Gain (Loss)    HTML     68K 
                from Interest Rate Hedges and Related Hedged                     
                Borrowings and Deposits (Detail)                                 
94: R83         Derivatives and Hedging Activities - Gains and      HTML     65K 
                Losses on Net Investment Hedges (Detail)                         
95: R84         Fair Value Option - Financial Assets and Financial  HTML    101K 
                Liabilities by Level (Detail)                                    
96: R85         Fair Value Option - Additional Information          HTML    126K 
                (Detail)                                                         
97: R86         Fair Value Option - Level 3 Rollforward (Detail)    HTML    149K 
98: R87         Fair Value Option - Gains and Losses on Other       HTML     70K 
                Financial Assets and Financial Liabilities at Fair               
                Value (Detail)                                                   
99: R88         Fair Value Option - Gains and Losses on Other       HTML     64K 
                Financial Assets and Financial Liabilities at Fair               
                Value (Parenthetical) (Detail)                                   
100: R89         Fair Value Option - Loans and Lending Commitments   HTML     64K  
                (Detail)                                                         
101: R90         Loans Receivable - Summary of Loans Receivable      HTML     78K  
                (Detail)                                                         
102: R91         Loans Receivable - Additional Information (Detail)  HTML    108K  
103: R92         Loans Receivable - Summary of Loans Receivable -    HTML     72K  
                Credit Rating Equivalent (Detail)                                
104: R93         Loans Receivable - Summary of Loans Receivable -    HTML     71K  
                Regulatory Risk Rating (Detail)                                  
105: R94         Loans Receivable - Summary of Changes in Allowance  HTML     77K  
                for Loan Losses and Allowance for Losses on                      
                Lending Commitments (Detail)                                     
106: R95         Collateralized Agreements and Financings - Resale   HTML     72K  
                and Repurchase Agreements and Securities Borrowed                
                and Loaned Transactions (Detail)                                 
107: R96         Collateralized Agreements and Financings - Resale   HTML     61K  
                and Repurchase Agreements and Securities Borrowed                
                and Loaned Transactions (Parenthetical) (Detail)                 
108: R97         Collateralized Agreements and Financings -          HTML    128K  
                Offsetting Arrangements (Detail)                                 
109: R98         Collateralized Agreements and Financings -          HTML     61K  
                Offsetting Arrangements (Parenthetical) (Detail)                 
110: R99         Collateralized Agreements and Financings -          HTML     84K  
                Schedule of Gross Carrying Value of Repurchase                   
                Agreements and Securities Loaned (Detail)                        
111: R100        Collateralized Agreements and Financings -          HTML     75K  
                Schedule of Repurchase Agreements and Securities                 
                Loaned (Detail)                                                  
112: R101        Collateralized Agreements and Financings -          HTML     58K  
                Additional Information (Detail)                                  
113: R102        Collateralized Agreements and Financings - Other    HTML     83K  
                Secured Financings (Detail)                                      
114: R103        Collateralized Agreements and Financings - Other    HTML     66K  
                Secured Financings (Parenthetical) (Detail)                      
115: R104        Collateralized Agreements and Financings - Other    HTML     80K  
                Secured Financings by Maturity Date (Detail)                     
116: R105        Collateralized Agreements and Financings -          HTML     61K  
                Financial Instruments Received as Collateral and                 
                Repledged (Detail)                                               
117: R106        Collateralized Agreements and Financings -          HTML     61K  
                Financial Instruments Received as Collateral and                 
                Repledged (Parenthetical) (Detail)                               
118: R107        Collateralized Agreements and Financings -          HTML     65K  
                Financial Instruments Owned, at Fair Value and                   
                Other Assets Pledged as Collateral (Detail)                      
119: R108        Securitization Activities - Amount of Financial     HTML     66K  
                Assets Securitized and Cash Flows Received on                    
                Retained Interests (Detail)                                      
120: R109        Securitization Activities - Firms Continuing        HTML     75K  
                Involvement in Securitization Entities to Which                  
                Firm Sold Assets (Detail)                                        
121: R110        Securitization Activities - Firms Continuing        HTML     59K  
                Involvement in Securitization Entities to Which                  
                Firm Sold Assets (Parenthetical) (Detail)                        
122: R111        Securitization Activities - Additional Information  HTML     65K  
                (Detail)                                                         
123: R112        Securitization Activities - Weighted Average Key    HTML     80K  
                Economic Assumptions Used in Measuring Fair Value                
                of Firm's Retained Interests and Sensitivity of                  
                This Fair Value to Immediate Adverse Changes                     
                (Detail)                                                         
124: R113        Variable Interest Entities (Nonconsolidated         HTML     71K  
                Variable Interest Entities) - Additional                         
                Information (Detail)                                             
125: R114        Variable Interest Entities (Consolidated Variable   HTML     66K  
                Interest Entities) - Additional Information                      
                (Detail)                                                         
126: R115        Variable Interest Entities - Nonconsolidated        HTML    117K  
                Variable Interest Entities (Detail)                              
127: R116        Variable Interest Entities - Nonconsolidated        HTML     66K  
                Variable Interest Entities (Parenthetical)                       
                (Detail)                                                         
128: R117        Variable Interest Entities - Consolidated Variable  HTML    120K  
                Interest Entities (Detail)                                       
129: R118        Other Assets - Other Assets (Detail)                HTML     69K  
130: R119        Other Assets - Other Assets (Parenthetical)         HTML     60K  
                (Detail)                                                         
131: R120        Other Assets - Additional Information (Detail)      HTML     63K  
132: R121        Other Assets - Goodwill and Intangible Assets       HTML     79K  
                (Detail)                                                         
133: R122        Other Assets - Intangible Assets Disclosure         HTML     75K  
                (Detail)                                                         
134: R123        Other Assets - Amortization Expense (Detail)        HTML     60K  
135: R124        Other Assets - Estimated Future Amortization for    HTML     70K  
                Existing Identifiable Intangible Assets Through                  
                2021 (Detail)                                                    
136: R125        Deposits - Types and Sources of the Firm's          HTML     76K  
                Deposits (Detail)                                                
137: R126        Deposits - Additional Information (Detail)          HTML     64K  
138: R127        Deposits - Types and Sources of the Firm's          HTML     62K  
                Deposits (Parenthetical) (Detail)                                
139: R128        Deposits - Deposits (Detail)                        HTML     63K  
140: R129        Deposits - Maturities of Time Deposits (Detail)     HTML     82K  
141: R130        Deposits - Maturities of Time Deposits              HTML     59K  
                (Parenthetical) (Detail)                                         
142: R131        Short-Term Borrowings - Short-Term Borrowings       HTML     63K  
                (Detail)                                                         
143: R132        Short-Term Borrowings - Unsecured Short-Term        HTML     71K  
                Borrowings (Detail)                                              
144: R133        Long-Term Borrowings - Long-Term Borrowings         HTML     63K  
                (Detail)                                                         
145: R134        Long-Term Borrowings - Unsecured Long-Term          HTML     68K  
                Borrowings (Detail)                                              
146: R135        Long-Term Borrowings - Unsecured Long-Term          HTML     71K  
                Borrowings (Parenthetical) (Detail)                              
147: R136        Long-Term Borrowings - Unsecured Long-Term          HTML     76K  
                Borrowings by Maturity Date (Detail)                             
148: R137        Long-Term Borrowings - Unsecured Long-Term          HTML     70K  
                Borrowings by Maturity Date (Parenthetical)                      
                (Detail)                                                         
149: R138        Long-Term Borrowings - Unsecured Long-Term          HTML     66K  
                Borrowings after Hedging (Detail)                                
150: R139        Long-Term Borrowings - Unsecured Long-Term          HTML     63K  
                Borrowings after Hedging (Parenthetical) (Detail)                
151: R140        Long-Term Borrowings - Additional Information       HTML    119K  
                (Detail)                                                         
152: R141        Long-Term Borrowings - Subordinated Long-Term       HTML     78K  
                Borrowings (Detail)                                              
153: R142        Other Liabilities and Accrued Expenses - Other      HTML     70K  
                Liabilities (Detail)                                             
154: R143        Commitments, Contingencies and Guarantees -         HTML    103K  
                Commitments (Detail)                                             
155: R144        Commitments, Contingencies and Guarantees -         HTML     90K  
                Additional Information (Detail)                                  
156: R145        Commitments, Contingencies and Guarantees - Leases  HTML     76K  
                (Detail)                                                         
157: R146        Commitments, Contingencies and Guarantees -         HTML     82K  
                Guarantees (Detail)                                              
158: R147        Shareholders' Equity - Additional Information       HTML     94K  
                (Detail)                                                         
159: R148        Shareholders' Equity - Summary of Amount of Common  HTML     64K  
                Stock Repurchased by the Firm (Detail)                           
160: R149        Shareholders' Equity - Summary of Perpetual         HTML    121K  
                Preferred Stock Issued and Outstanding (Detail)                  
161: R150        Shareholders' Equity - Summary of Perpetual         HTML     95K  
                Preferred Stock Issued and Outstanding                           
                (Parenthetical) (Detail)                                         
162: R151        Shareholders' Equity - Summary of Preferred         HTML     95K  
                Dividends Declared on Preferred Stock Issued                     
                (Detail)                                                         
163: R152        Shareholders' Equity - Summary of Preferred         HTML     62K  
                Dividends Declared on Preferred Stock Issued                     
                (Parenthetical) (Detail)                                         
164: R153        Shareholders' Equity - Accumulated Other            HTML     83K  
                Comprehensive Loss, Net of Tax (Detail)                          
165: R154        Regulation and Capital Adequacy - Minimum Capital   HTML     68K  
                Ratios (Detail)                                                  
166: R155        Regulation and Capital Adequacy - Additional        HTML    107K  
                Information (Detail)                                             
167: R156        Regulation and Capital Adequacy - Minimum Capital   HTML     58K  
                Ratios (Parenthetical) (Detail)                                  
168: R157        Regulation and Capital Adequacy - Consolidated      HTML    110K  
                Regulatory Capital Ratios (Detail)                               
169: R158        Regulation and Capital Adequacy - Consolidated      HTML     70K  
                Regulatory Capital Ratios (Parenthetical) (Detail)               
170: R159        Regulation and Capital Adequacy - Capital           HTML    108K  
                Rollforward (Detail)                                             
171: R160        Regulation and Capital Adequacy - Risk-weighted     HTML    104K  
                Assets (Detail)                                                  
172: R161        Regulation and Capital Adequacy - Risk-weighted     HTML    105K  
                Assets Rollforward (Detail)                                      
173: R162        Regulation and Capital Adequacy - Schedule of       HTML     77K  
                Minimum Ratios and Well Capitalized Minimum Ratios               
                (Detail)                                                         
174: R163        Regulation and Capital Adequacy - Capital Ratios    HTML    101K  
                (Detail)                                                         
175: R164        Earnings Per Common Share - Earnings Per Common     HTML     80K  
                Share (Detail)                                                   
176: R165        Earnings Per Common Share - Additional Information  HTML     63K  
                (Detail)                                                         
177: R166        Transactions with Affiliated Funds - Additional     HTML     60K  
                Information (Detail)                                             
178: R167        Transactions with Affiliated Funds - Fees Earned    HTML     59K  
                from Affiliated Funds (Detail)                                   
179: R168        Transactions with Affiliated Funds - Fees           HTML     61K  
                Receivable from Affiliated Funds and the Aggregate               
                Carrying Value of the Firm's Interests in these                  
                Funds (Detail)                                                   
180: R169        Interest Income and Interest Expense - Interest     HTML     91K  
                Income and Interest Expense (Detail)                             
181: R170        Income Taxes - Earliest Tax Years Subject to        HTML     69K  
                Examination by Major Jurisdiction (Detail)                       
182: R171        Business Segments - Segment Operating Results       HTML    122K  
                (Detail)                                                         
183: R172        Business Segments - Segment Operating Results       HTML     58K  
                (Parenthetical) (Detail)                                         
184: R173        Business Segments - Net Interest Income (Detail)    HTML     69K  
185: R174        Business Segments - Depreciation and Amortization   HTML     69K  
                (Detail)                                                         
186: R175        Business Segments - Net Revenues and Pre-Tax        HTML     78K  
                Earnings for Each Geographic Region (Detail)                     
187: R176        Business Segments - Net Revenues and Pre-Tax        HTML     58K  
                Earnings for Each Geographic Region                              
                (Parenthetical) (Detail)                                         
188: R177        Credit Concentrations - Credit Concentration,       HTML     66K  
                Government and Federal Agency Obligations (Detail)               
189: R178        Credit Concentrations - Credit Concentration,       HTML     64K  
                Resale Agreements and Securities Borrowed (Detail)               
190: R179        Legal Proceedings - Additional Information          HTML    142K  
                (Detail)                                                         
192: XML         IDEA XML File -- Filing Summary                      XML    391K  
191: EXCEL       IDEA Workbook of Financial Reports                  XLSX    311K  
 6: EX-101.INS  XBRL Instance -- gs-20160930                         XML   9.97M 
 8: EX-101.CAL  XBRL Calculations -- gs-20160930_cal                 XML    529K 
 9: EX-101.DEF  XBRL Definitions -- gs-20160930_def                  XML   1.77M 
10: EX-101.LAB  XBRL Labels -- gs-20160930_lab                       XML   3.36M 
11: EX-101.PRE  XBRL Presentations -- gs-20160930_pre                XML   2.61M 
 7: EX-101.SCH  XBRL Schema -- gs-20160930                           XSD    672K 
193: ZIP         XBRL Zipped Folder -- 0001193125-16-757421-xbrl      Zip    669K

‘EX-101.LAB’   —   XBRL Labels — gs-20160930_lab

This Exhibit is an XBRL XML File.

                                                                                                                                                                                
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<!-- RR Donnelley Xcelerate Taxonomy Labels Linkbase, based on XBRL 2.1 http://www.rrdonnelley.com/ -->
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<!-- Creation date: 2016-11-02T21:14:37Z -->
<!-- Copyright (c) 2005-2013 R.R. Donnelley & Sons Company All Rights Reserved. -->
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember" xlink:label="us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember_lbl" xml:lang="en-US" id="id_8104553_2024858_1_1"> Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember_lbl" xml:lang="en-US" id="id_8104553_2024858_2_1"> Pension and Postretirement Liabilities [Member] </label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment" xlink:label="us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_lbl" xml:lang="en-US" id="id_8104553_2022470_1_1"> Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_lbl" xml:lang="en-US" id="id_8104553_2022470_2_1"> Accumulated depreciation and amortization </label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossLineItems" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeLossLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeLossLineItems_lbl" xml:lang="en-US" id="id_8104553_2022259_1_1"> Accumulated Other Comprehensive Income (Loss) [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeLossLineItems_lbl" xml:lang="en-US" id="id_8104553_2022259_2_1"> Accumulated Other Comprehensive Income (Loss) [Line Items] </label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_lbl" xml:lang="en-US" id="id_8104553_2027239_1_1"> Accumulated Other Comprehensive Income (Loss), Net of Tax </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_lbl" xml:lang="en-US" id="id_8104553_2027239_2_1"> Accumulated other comprehensive loss </label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossTable" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeLossTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeLossTable_lbl" xml:lang="en-US" id="id_8104553_2024207_1_1"> Accumulated Other Comprehensive Income (Loss) [Table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeLossTable_lbl" xml:lang="en-US" id="id_8104553_2024207_2_1"> Accumulated Other Comprehensive Income (Loss) [Table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccumulatedOtherComprehensiveIncomeLossTable" xlink:to="us-gaap_AccumulatedOtherComprehensiveIncomeLossTable_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeMember" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeMember_lbl" xml:lang="en-US" id="id_8104553_2027676_1_1"> AOCI Attributable to Parent [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeMember_lbl" xml:lang="en-US" id="id_8104553_2027676_2_1"> Accumulated Other Comprehensive Loss [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccumulatedOtherComprehensiveIncomeMember" xlink:to="us-gaap_AccumulatedOtherComprehensiveIncomeMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccumulatedTranslationAdjustmentMember" xlink:label="us-gaap_AccumulatedTranslationAdjustmentMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccumulatedTranslationAdjustmentMember_lbl" xml:lang="en-US" id="id_8104553_2024860_1_1"> Accumulated Foreign Currency Adjustment Attributable to Parent [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AccumulatedTranslationAdjustmentMember_lbl" xml:lang="en-US" id="id_8104553_2024860_2_1"> Currency Translation [Member] </label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AdditionalCollateralAggregateFairValue" xlink:label="us-gaap_AdditionalCollateralAggregateFairValue"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AdditionalCollateralAggregateFairValue_lbl" xml:lang="en-US" id="id_8104553_2023341_1_1"> Additional Collateral, Aggregate Fair Value </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AdditionalCollateralAggregateFairValue_lbl" xml:lang="en-US" id="id_8104553_2023341_2_1"> Additional collateral or termination payments pursuant to bilateral agreements with certain counterparties which could have been called by counterparties in the event of a reduction in the firm's long-term credit ratings </label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AdditionalPaidInCapital" xlink:label="us-gaap_AdditionalPaidInCapital"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AdditionalPaidInCapital_lbl" xml:lang="en-US" id="id_8104553_2026591_1_1"> Additional Paid in Capital </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AdditionalPaidInCapital_lbl" xml:lang="en-US" id="id_8104553_2026591_2_1"> Additional paid-in capital </label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AdditionalPaidInCapitalMember" xlink:label="us-gaap_AdditionalPaidInCapitalMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AdditionalPaidInCapitalMember_lbl" xml:lang="en-US" id="id_8104553_2025075_1_1"> Additional Paid-in Capital [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AdditionalPaidInCapitalMember_lbl" xml:lang="en-US" id="id_8104553_2025075_2_1"> Additional Paid-in Capital [Member] </label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AdjustmentsForNewAccountingPronouncementsAxis" xlink:label="us-gaap_AdjustmentsForNewAccountingPronouncementsAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AdjustmentsForNewAccountingPronouncementsAxis_lbl" xml:lang="en-US" id="id_8104553_2023777_1_1"> Adjustments for New Accounting Pronouncements [Axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AdjustmentsForNewAccountingPronouncementsAxis_lbl" xml:lang="en-US" id="id_8104553_2023777_2_1"> Adjustments for New Accounting Pronouncements [Axis] </label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="us-gaap_AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xml:lang="en-US" id="id_8104553_2025723_1_1"> Adjustments, Noncash Items, to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xml:lang="en-US" id="id_8104553_2025723_2_1"> Adjustments to reconcile net earnings to net cash provided by/(used for) operating activities </label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts" xlink:label="us-gaap_AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts_lbl" xml:lang="en-US" id="id_8104553_2035272_1_1"> Adjustments to Additional Paid in Capital, Stock Issued, Issuance Costs </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts_lbl" xml:lang="en-US" id="id_8104553_2035272_14_1"> Preferred stock issuance costs, net </label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation" xlink:label="us-gaap_AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation_lbl" xml:lang="en-US" id="id_8104553_2027895_1_1"> Adjustments to Additional Paid in Capital, Income Tax Benefit from Share-based Compensation </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation_lbl" xml:lang="en-US" id="id_8104553_2027895_2_1"> Excess net tax benefit related to share-based awards </label>
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<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_AggregateCarryingValueOfFirmsInterestsInNonConsolidatedInvestmentFunds" xlink:label="gs_AggregateCarryingValueOfFirmsInterestsInNonConsolidatedInvestmentFunds"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_AggregateCarryingValueOfFirmsInterestsInNonConsolidatedInvestmentFunds_lbl" xml:lang="en-US" id="id_8104553_2085174_3_1"> Aggregate carrying value of the firm's interests in non consolidated investment funds. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_AggregateCarryingValueOfFirmsInterestsInNonConsolidatedInvestmentFunds_lbl" xml:lang="en-US" id="id_8104553_2085174_1_1"> Aggregate Carrying Value Of Firms Interests In Non Consolidated Investment Funds </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_AggregateCarryingValueOfFirmsInterestsInNonConsolidatedInvestmentFunds_lbl" xml:lang="en-US" id="id_8104553_2085174_2_1"> Aggregate carrying value of interests in funds </label>
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<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_AggregateNotionalAmountOfMortgageRelatedSecuritiesSoldToPlaintiffsRelatedToRescissionCases" xlink:label="gs_AggregateNotionalAmountOfMortgageRelatedSecuritiesSoldToPlaintiffsRelatedToRescissionCases"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_AggregateNotionalAmountOfMortgageRelatedSecuritiesSoldToPlaintiffsRelatedToRescissionCases_lbl" xml:lang="en-US" id="id_8104553_2155627_3_1"> Mortgage-Related Matters. Approximate amount of aggregate notional amount of mortgage-related securities sold to plaintiffs in active cases brought against the firm where plaintiffs are seeking rescission of such securities. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_AggregateNotionalAmountOfMortgageRelatedSecuritiesSoldToPlaintiffsRelatedToRescissionCases_lbl" xml:lang="en-US" id="id_8104553_2155627_1_1"> Aggregate Notional Amount Of Mortgage Related Securities Sold To Plaintiffs Related To Rescission Cases </label>
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<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_AggregatePrincipalAmountOfNotesOfferings" xlink:label="gs_AggregatePrincipalAmountOfNotesOfferings"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_AggregatePrincipalAmountOfNotesOfferings_lbl" xml:lang="en-US" id="id_8104553_2393085_3_1"> Aggregate principal amount of notes offerings. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_AggregatePrincipalAmountOfNotesOfferings_lbl" xml:lang="en-US" id="id_8104553_2393085_1_1"> Aggregate Principal Amount Of Notes Offerings </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_AggregatePrincipalAmountOfNotesOfferings_lbl" xml:lang="en-US" id="id_8104553_2393085_2_1"> Aggregate principal amount of notes </label>
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<loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/currency/2016/currency-2016-01-31.xsd#currency_AllCurrenciesDomain" xlink:label="currency_AllCurrenciesDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="currency_AllCurrenciesDomain_lbl" xml:lang="en-US" id="id_8104553_2023129_1_1"> All Currencies [Domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="currency_AllCurrenciesDomain_lbl" xml:lang="en-US" id="id_8104553_2023129_2_1"> All Currencies [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="currency_AllCurrenciesDomain" xlink:to="currency_AllCurrenciesDomain_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock" xlink:label="us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2026382_1_1"> Allowance for Credit Losses on Financing Receivables [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2026382_2_1"> Summary of Changes in Allowance for Loan Losses and Allowance for Losses on Lending Commitments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock" xlink:to="us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_AllowanceForLendingCommitmentsAdjustmentsOther" xlink:label="gs_AllowanceForLendingCommitmentsAdjustmentsOther"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_AllowanceForLendingCommitmentsAdjustmentsOther_lbl" xml:lang="en-US" id="id_8104553_2385194_3_1"> Amount of other addition (reduction) in allowance reserve for debit loss. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_AllowanceForLendingCommitmentsAdjustmentsOther_lbl" xml:lang="en-US" id="id_8104553_2385194_1_1"> Allowance for Lending Commitments Adjustments Other </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_AllowanceForLendingCommitmentsAdjustmentsOther_lbl" xml:lang="en-US" id="id_8104553_2385194_2_1"> Other </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_AllowanceForLendingCommitmentsAdjustmentsOther" xlink:to="gs_AllowanceForLendingCommitmentsAdjustmentsOther_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AllowanceForLoanAndLeaseLossesAdjustmentsNet" xlink:label="us-gaap_AllowanceForLoanAndLeaseLossesAdjustmentsNet"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AllowanceForLoanAndLeaseLossesAdjustmentsNet_lbl" xml:lang="en-US" id="id_8104553_2024867_1_1"> Allowance for Loan and Lease Losses, Adjustments, Other </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AllowanceForLoanAndLeaseLossesAdjustmentsNet_lbl" xml:lang="en-US" id="id_8104553_2024867_2_1"> Other </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AllowanceForLoanAndLeaseLossesAdjustmentsNet" xlink:to="us-gaap_AllowanceForLoanAndLeaseLossesAdjustmentsNet_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AllowanceForLoanAndLeaseLossesRollForward" xlink:label="us-gaap_AllowanceForLoanAndLeaseLossesRollForward"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AllowanceForLoanAndLeaseLossesRollForward_lbl" xml:lang="en-US" id="id_8104553_2026161_1_1"> Allowance for Loan and Lease Losses [Roll Forward] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AllowanceForLoanAndLeaseLossesRollForward_lbl" xml:lang="en-US" id="id_8104553_2026161_2_1"> Allowance for loan losses </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AllowanceForLoanAndLeaseLossesRollForward" xlink:to="us-gaap_AllowanceForLoanAndLeaseLossesRollForward_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AllowanceForLoanAndLeaseLossesWriteOffs" xlink:label="us-gaap_AllowanceForLoanAndLeaseLossesWriteOffs"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AllowanceForLoanAndLeaseLossesWriteOffs_lbl" xml:lang="en-US" id="id_8104553_2024431_1_1"> Allowance for Loan and Lease Losses, Write-offs </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_AllowanceForLoanAndLeaseLossesWriteOffs_lbl" xml:lang="en-US" id="id_8104553_2024431_14_1"> Charge-offs </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AllowanceForLoanAndLeaseLossesWriteOffs" xlink:to="us-gaap_AllowanceForLoanAndLeaseLossesWriteOffs_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_AllowanceForLossesOnLendingCommitmentsRollForward" xlink:label="gs_AllowanceForLossesOnLendingCommitmentsRollForward"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_AllowanceForLossesOnLendingCommitmentsRollForward_lbl" xml:lang="en-US" id="id_8104553_2385195_3_1"> The roll forward for allowance for losses on lending commitments. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_AllowanceForLossesOnLendingCommitmentsRollForward_lbl" xml:lang="en-US" id="id_8104553_2385195_1_1"> Allowance for Losses on Lending Commitments [Roll Forward] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_AllowanceForLossesOnLendingCommitmentsRollForward_lbl" xml:lang="en-US" id="id_8104553_2385195_2_1"> Allowance for losses on lending commitments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_AllowanceForLossesOnLendingCommitmentsRollForward" xlink:to="gs_AllowanceForLossesOnLendingCommitmentsRollForward_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_AllowanceForLossesOnLoansAndLendingCommitments" xlink:label="gs_AllowanceForLossesOnLoansAndLendingCommitments"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_AllowanceForLossesOnLoansAndLendingCommitments_lbl" xml:lang="en-US" id="id_8104553_2240526_3_1"> Allowance for losses on loans and lending commitments included in the Tier 2 capital calculation in accordance with the Standardized Capital Rules. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_AllowanceForLossesOnLoansAndLendingCommitments_lbl" xml:lang="en-US" id="id_8104553_2240526_1_1"> Allowance For Losses On Loans And Lending Commitments </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_AllowanceForLossesOnLoansAndLendingCommitments_lbl" xml:lang="en-US" id="id_8104553_2240526_2_1"> Allowance for losses on loans and lending commitments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_AllowanceForLossesOnLoansAndLendingCommitments" xlink:to="gs_AllowanceForLossesOnLoansAndLendingCommitments_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AlternativeExcessNetCapital" xlink:label="us-gaap_AlternativeExcessNetCapital"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AlternativeExcessNetCapital_lbl" xml:lang="en-US" id="id_8104553_2027460_1_1"> Alternative Excess Net Capital </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AlternativeExcessNetCapital_lbl" xml:lang="en-US" id="id_8104553_2027460_2_1"> Excess amount of regulatory net capital as defined by Rule 15c3-1 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AlternativeExcessNetCapital" xlink:to="us-gaap_AlternativeExcessNetCapital_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AlternativeInvestmentsFairValueDisclosure" xlink:label="us-gaap_AlternativeInvestmentsFairValueDisclosure"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AlternativeInvestmentsFairValueDisclosure_lbl" xml:lang="en-US" id="id_8104553_2026816_1_1"> Alternative Investments, Fair Value Disclosure </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:label="us-gaap_AlternativeInvestmentsFairValueDisclosure_lbl" xml:lang="en-US" id="id_8104553_2026816_32_1"> Investments in funds measured at NAV </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AlternativeInvestmentsFairValueDisclosure_lbl" xml:lang="en-US" id="id_8104553_2026816_2_1"> Fair Value of Investments </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_AlternativeInvestmentsFairValueDisclosure_lbl" xml:lang="en-US" id="id_8104553_2026816_12_1"> Investments in funds at NAV </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AlternativeInvestmentsFairValueDisclosure" xlink:to="us-gaap_AlternativeInvestmentsFairValueDisclosure_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AlternativeNetCapitalRequirement1" xlink:label="us-gaap_AlternativeNetCapitalRequirement1"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AlternativeNetCapitalRequirement1_lbl" xml:lang="en-US" id="id_8104553_2023349_1_1"> Alternative Net Capital Requirement </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AlternativeNetCapitalRequirement1_lbl" xml:lang="en-US" id="id_8104553_2023349_2_1"> Regulatory net capital as defined by Rule 15c3-1 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AlternativeNetCapitalRequirement1" xlink:to="us-gaap_AlternativeNetCapitalRequirement1_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_AmendmentFlag" xlink:label="dei_AmendmentFlag"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AmendmentFlag_lbl" xml:lang="en-US" id="id_8104553_2024215_1_1"> Amendment Flag </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_AmendmentFlag_lbl" xml:lang="en-US" id="id_8104553_2024215_2_1"> Amendment Flag </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AmendmentFlag" xlink:to="dei_AmendmentFlag_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AmericasMember" xlink:label="us-gaap_AmericasMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AmericasMember_lbl" xml:lang="en-US" id="id_8104553_2027249_1_1"> Americas [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AmericasMember_lbl" xml:lang="en-US" id="id_8104553_2027249_2_1"> Americas [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AmericasMember" xlink:to="us-gaap_AmericasMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AmortizationOfIntangibleAssets" xlink:label="us-gaap_AmortizationOfIntangibleAssets"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AmortizationOfIntangibleAssets_lbl" xml:lang="en-US" id="id_8104553_2025955_1_1"> Amortization of Intangible Assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AmortizationOfIntangibleAssets_lbl" xml:lang="en-US" id="id_8104553_2025955_2_1"> Amortization related to identifiable intangible assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AmortizationOfIntangibleAssets" xlink:to="us-gaap_AmortizationOfIntangibleAssets_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_AmortizationPeriodCapitalizedCostsOfSoftware" xlink:label="gs_AmortizationPeriodCapitalizedCostsOfSoftware"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_AmortizationPeriodCapitalizedCostsOfSoftware_lbl" xml:lang="en-US" id="id_8104553_2393082_3_1"> Amortization period - Capitalized costs of software developed or obtained for internal use. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_AmortizationPeriodCapitalizedCostsOfSoftware_lbl" xml:lang="en-US" id="id_8104553_2393082_1_1"> Amortization Period Capitalized Costs Of Software </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_AmortizationPeriodCapitalizedCostsOfSoftware_lbl" xml:lang="en-US" id="id_8104553_2393082_2_1"> Amortization period - Capitalized costs of software developed or obtained for internal use </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_AmortizationPeriodCapitalizedCostsOfSoftware" xlink:to="gs_AmortizationPeriodCapitalizedCostsOfSoftware_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_AmountDepositedByFirmsDepositoryInstitutionSubsidiariesHeldAtFederalReserveBank" xlink:label="gs_AmountDepositedByFirmsDepositoryInstitutionSubsidiariesHeldAtFederalReserveBank"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_AmountDepositedByFirmsDepositoryInstitutionSubsidiariesHeldAtFederalReserveBank_lbl" xml:lang="en-US" id="id_8104553_2196206_3_1"> Amount deposited by GS Bank held at the Federal Reserve Bank of New York. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_AmountDepositedByFirmsDepositoryInstitutionSubsidiariesHeldAtFederalReserveBank_lbl" xml:lang="en-US" id="id_8104553_2196206_1_1"> Amount Deposited By Firms Depository Institution Subsidiaries Held At Federal Reserve Bank </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_AmountDepositedByFirmsDepositoryInstitutionSubsidiariesHeldAtFederalReserveBank_lbl" xml:lang="en-US" id="id_8104553_2196206_2_1"> Amount deposited by GS Bank USA held at the Federal Reserve Bank of New York </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_AmountDepositedByFirmsDepositoryInstitutionSubsidiariesHeldAtFederalReserveBank" xlink:to="gs_AmountDepositedByFirmsDepositoryInstitutionSubsidiariesHeldAtFederalReserveBank_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_AmountOfBrokerDealerTentativeNetCapitalRequiredToBeHeld" xlink:label="gs_AmountOfBrokerDealerTentativeNetCapitalRequiredToBeHeld"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_AmountOfBrokerDealerTentativeNetCapitalRequiredToBeHeld_lbl" xml:lang="en-US" id="id_8104553_2100817_3_1"> Amount of broker-dealer tentative net capital required to be held in accordance with Appendix E of Rule 15c3-1. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_AmountOfBrokerDealerTentativeNetCapitalRequiredToBeHeld_lbl" xml:lang="en-US" id="id_8104553_2100817_1_1"> Amount Of Broker Dealer Tentative Net Capital Required To Be Held </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_AmountOfBrokerDealerTentativeNetCapitalRequiredToBeHeld_lbl" xml:lang="en-US" id="id_8104553_2100817_2_1"> Amount of broker-dealer tentative net capital required to be held in accordance with Appendix E of Rule 15c3-1 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_AmountOfBrokerDealerTentativeNetCapitalRequiredToBeHeld" xlink:to="gs_AmountOfBrokerDealerTentativeNetCapitalRequiredToBeHeld_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_AmountOfCompensationAndDamagesRelatedToDerivativeTransactions" xlink:label="gs_AmountOfCompensationAndDamagesRelatedToDerivativeTransactions"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_AmountOfCompensationAndDamagesRelatedToDerivativeTransactions_lbl" xml:lang="en-US" id="id_8104553_2066701_3_1"> Libya-Related Litigation. Amount of compensation and damages being sought by the Libyan Investment Authority. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_AmountOfCompensationAndDamagesRelatedToDerivativeTransactions_lbl" xml:lang="en-US" id="id_8104553_2066701_1_1"> Amount Of Compensation And Damages Related To Derivative Transactions </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_AmountOfCompensationAndDamagesRelatedToDerivativeTransactions_lbl" xml:lang="en-US" id="id_8104553_2066701_2_1"> Libya-Related Litigation. Contingent damages related to Libya amount in relation to derivative transactions </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_AmountOfCompensationAndDamagesRelatedToDerivativeTransactions" xlink:to="gs_AmountOfCompensationAndDamagesRelatedToDerivativeTransactions_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_AmountOfFinancialAssetsSecuritizedAndCashFlowsReceivedOnRetainedInterestsTableTextBlock" xlink:label="gs_AmountOfFinancialAssetsSecuritizedAndCashFlowsReceivedOnRetainedInterestsTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_AmountOfFinancialAssetsSecuritizedAndCashFlowsReceivedOnRetainedInterestsTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2042271_3_1"> Amount of financial assets securitized and the cash flows received on retained interests. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_AmountOfFinancialAssetsSecuritizedAndCashFlowsReceivedOnRetainedInterestsTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2042271_1_1"> Amount Of Financial Assets Securitized And Cash Flows Received On Retained Interests [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_AmountOfFinancialAssetsSecuritizedAndCashFlowsReceivedOnRetainedInterestsTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2042271_2_1"> Amount of Financial Assets Securitized and Cash Flows Received on Retained Interests </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_AmountOfFinancialAssetsSecuritizedAndCashFlowsReceivedOnRetainedInterestsTableTextBlock" xlink:to="gs_AmountOfFinancialAssetsSecuritizedAndCashFlowsReceivedOnRetainedInterestsTableTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_AmountOfLendingCommitmentsHeldForInvestment" xlink:label="gs_AmountOfLendingCommitmentsHeldForInvestment"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_AmountOfLendingCommitmentsHeldForInvestment_lbl" xml:lang="en-US" id="id_8104553_2150489_3_1"> Amount of lending commitments held-for-investment. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_AmountOfLendingCommitmentsHeldForInvestment_lbl" xml:lang="en-US" id="id_8104553_2150489_1_1"> Amount Of Lending Commitments Held For Investment </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:label="gs_AmountOfLendingCommitmentsHeldForInvestment_lbl" xml:lang="en-US" id="id_8104553_2150489_32_1"> Lending Commitments </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_AmountOfLendingCommitmentsHeldForInvestment_lbl" xml:lang="en-US" id="id_8104553_2150489_2_1"> Amount of lending commitments held for investment </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="gs_AmountOfLendingCommitmentsHeldForInvestment_lbl" xml:lang="en-US" id="id_8104553_2150489_12_1"> Approximate amount of lending commitments held for investment </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_AmountOfLendingCommitmentsHeldForInvestment" xlink:to="gs_AmountOfLendingCommitmentsHeldForInvestment_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_AmountOfLendingCommitmentsHeldForSale" xlink:label="gs_AmountOfLendingCommitmentsHeldForSale"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_AmountOfLendingCommitmentsHeldForSale_lbl" xml:lang="en-US" id="id_8104553_2168338_3_1"> Amount of lending commitments held for sale. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_AmountOfLendingCommitmentsHeldForSale_lbl" xml:lang="en-US" id="id_8104553_2168338_1_1"> Amount Of Lending Commitments Held For Sale </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_AmountOfLendingCommitmentsHeldForSale_lbl" xml:lang="en-US" id="id_8104553_2168338_2_1"> Approximate amount of lending commitments held for sale </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_AmountOfLendingCommitmentsHeldForSale" xlink:to="gs_AmountOfLendingCommitmentsHeldForSale_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_AmountOfLoansSoldToGovernmentSponsoredEnterprises" xlink:label="gs_AmountOfLoansSoldToGovernmentSponsoredEnterprises"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_AmountOfLoansSoldToGovernmentSponsoredEnterprises_lbl" xml:lang="en-US" id="id_8104553_2178327_3_1"> Amount of loans sold to government sponsored enterprises during the period 2005 through 2008. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_AmountOfLoansSoldToGovernmentSponsoredEnterprises_lbl" xml:lang="en-US" id="id_8104553_2178327_1_1"> Amount Of Loans Sold To Government Sponsored Enterprises </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_AmountOfLoansSoldToGovernmentSponsoredEnterprises_lbl" xml:lang="en-US" id="id_8104553_2178327_2_1"> Amount of loans sold to government sponsored enterprises during the period 2005 through 2008 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_AmountOfLoansSoldToGovernmentSponsoredEnterprises" xlink:to="gs_AmountOfLoansSoldToGovernmentSponsoredEnterprises_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_AmountOfLoansSoldToOtherThirdParties" xlink:label="gs_AmountOfLoansSoldToOtherThirdParties"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_AmountOfLoansSoldToOtherThirdParties_lbl" xml:lang="en-US" id="id_8104553_2042091_3_1"> Amount of loans sold to other third parties during the period 2005 through 2008. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_AmountOfLoansSoldToOtherThirdParties_lbl" xml:lang="en-US" id="id_8104553_2042091_1_1"> Amount Of Loans Sold To Other Third Parties </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_AmountOfLoansSoldToOtherThirdParties_lbl" xml:lang="en-US" id="id_8104553_2042091_2_1"> Amount of loans sold to other third parties during the period 2005 through 2008 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_AmountOfLoansSoldToOtherThirdParties" xlink:to="gs_AmountOfLoansSoldToOtherThirdParties_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_AmountOfOffering" xlink:label="gs_AmountOfOffering"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_AmountOfOffering_lbl" xml:lang="en-US" id="id_8104553_2277828_3_1"> Amount of offering of common stock, convertible notes, convertible preferred stock, or units. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_AmountOfOffering_lbl" xml:lang="en-US" id="id_8104553_2277828_1_1"> Amount Of Offering </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_AmountOfOffering_lbl" xml:lang="en-US" id="id_8104553_2277828_2_1"> Aggregate value of offering </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_AmountOfOffering" xlink:to="gs_AmountOfOffering_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AmountOfRestrictedNetAssetsForConsolidatedAndUnconsolidatedSubsidiaries" xlink:label="us-gaap_AmountOfRestrictedNetAssetsForConsolidatedAndUnconsolidatedSubsidiaries"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AmountOfRestrictedNetAssetsForConsolidatedAndUnconsolidatedSubsidiaries_lbl" xml:lang="en-US" id="id_8104553_2026817_1_1"> Amount of Restricted Net Assets for Consolidated and Unconsolidated Subsidiaries </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AmountOfRestrictedNetAssetsForConsolidatedAndUnconsolidatedSubsidiaries_lbl" xml:lang="en-US" id="id_8104553_2026817_2_1"> Minimum equity capital that is required to be maintained in regulated subsidiaries </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AmountOfRestrictedNetAssetsForConsolidatedAndUnconsolidatedSubsidiaries" xlink:to="us-gaap_AmountOfRestrictedNetAssetsForConsolidatedAndUnconsolidatedSubsidiaries_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_AmountOfRSUsCancelled" xlink:label="gs_AmountOfRSUsCancelled"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_AmountOfRSUsCancelled_lbl" xml:lang="en-US" id="id_8104553_2227383_3_1"> Amount of RSU's cancelled. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_AmountOfRSUsCancelled_lbl" xml:lang="en-US" id="id_8104553_2227383_1_1"> Amount Of R S Us Cancelled </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_AmountOfRSUsCancelled_lbl" xml:lang="en-US" id="id_8104553_2227383_2_1"> Cancellation of RSUs to satisfy minimum statutory employee tax withholding </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_AmountOfRSUsCancelled" xlink:to="gs_AmountOfRSUsCancelled_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_AmountOfSecuritizationsIssuedByTrusts" xlink:label="gs_AmountOfSecuritizationsIssuedByTrusts"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_AmountOfSecuritizationsIssuedByTrusts_lbl" xml:lang="en-US" id="id_8104553_2109274_3_1"> Mortgage-Related Matters. Original notional face amount of securitizations issued by trusts for the repurchase of residential mortgage loans. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_AmountOfSecuritizationsIssuedByTrusts_lbl" xml:lang="en-US" id="id_8104553_2109274_1_1"> Amount Of Securitizations Issued By Trusts </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_AmountOfSecuritizationsIssuedByTrusts_lbl" xml:lang="en-US" id="id_8104553_2109274_2_1"> Mortgage-Related Matters. Face amount of securitizations claimed for repurchase </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_AmountOfSecuritizationsIssuedByTrusts" xlink:to="gs_AmountOfSecuritizationsIssuedByTrusts_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_AmountOfSharesRemitted" xlink:label="gs_AmountOfSharesRemitted"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_AmountOfSharesRemitted_lbl" xml:lang="en-US" id="id_8104553_2123550_3_1"> Amount of Shares remitted by employees. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_AmountOfSharesRemitted_lbl" xml:lang="en-US" id="id_8104553_2123550_1_1"> Amount Of Shares Remitted </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_AmountOfSharesRemitted_lbl" xml:lang="en-US" id="id_8104553_2123550_2_1"> Shares remitted by employees to satisfy minimum statutory employee tax withholding </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_AmountOfSharesRemitted" xlink:to="gs_AmountOfSharesRemitted_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_AmountOfSharesUnderwrittenInConnectionWithOffering" xlink:label="gs_AmountOfSharesUnderwrittenInConnectionWithOffering"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_AmountOfSharesUnderwrittenInConnectionWithOffering_lbl" xml:lang="en-US" id="id_8104553_2151700_3_1"> Amount of shares underwritten in connection with the offering type. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_AmountOfSharesUnderwrittenInConnectionWithOffering_lbl" xml:lang="en-US" id="id_8104553_2151700_1_1"> Amount Of Shares Underwritten In Connection With Offering </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_AmountOfSharesUnderwrittenInConnectionWithOffering_lbl" xml:lang="en-US" id="id_8104553_2151700_2_1"> Number of shares underwritten by GS&Co. in connection with the offering </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_AmountOfSharesUnderwrittenInConnectionWithOffering" xlink:to="gs_AmountOfSharesUnderwrittenInConnectionWithOffering_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_AmountOfStockOptionsCancelled" xlink:label="gs_AmountOfStockOptionsCancelled"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_AmountOfStockOptionsCancelled_lbl" xml:lang="en-US" id="id_8104553_2223042_3_1"> Cancellation of stock options to satisfy minimum statutory employee tax withholding requirements and the exercise price of stock options. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_AmountOfStockOptionsCancelled_lbl" xml:lang="en-US" id="id_8104553_2223042_1_1"> Amount Of Stock Options Cancelled </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_AmountOfStockOptionsCancelled_lbl" xml:lang="en-US" id="id_8104553_2223042_2_1"> Cancellation of stock options to satisfy minimum statutory employee tax withholding </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_AmountOfStockOptionsCancelled" xlink:to="gs_AmountOfStockOptionsCancelled_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_AmountOfUnitsUnderwrittenInConnectionWithOffering" xlink:label="gs_AmountOfUnitsUnderwrittenInConnectionWithOffering"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_AmountOfUnitsUnderwrittenInConnectionWithOffering_lbl" xml:lang="en-US" id="id_8104553_2393083_3_1"> Amount of units underwritten in connection with the offering type. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_AmountOfUnitsUnderwrittenInConnectionWithOffering_lbl" xml:lang="en-US" id="id_8104553_2393083_1_1"> Amount Of Units Underwritten In Connection With Offering </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_AmountOfUnitsUnderwrittenInConnectionWithOffering_lbl" xml:lang="en-US" id="id_8104553_2393083_2_1"> Number of units sold by TerraForm to the individual plaintiffs </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_AmountOfUnitsUnderwrittenInConnectionWithOffering" xlink:to="gs_AmountOfUnitsUnderwrittenInConnectionWithOffering_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_AmountRelatedToInterestRateHedgesOnCertainUnsecuredLongTermBorrowings" xlink:label="gs_AmountRelatedToInterestRateHedgesOnCertainUnsecuredLongTermBorrowings"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_AmountRelatedToInterestRateHedgesOnCertainUnsecuredLongTermBorrowings_lbl" xml:lang="en-US" id="id_8104553_2272412_3_1"> Amount related to interest rate hedges on certain unsecured long-term borrowings. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_AmountRelatedToInterestRateHedgesOnCertainUnsecuredLongTermBorrowings_lbl" xml:lang="en-US" id="id_8104553_2272412_1_1"> Amount Related To Interest Rate Hedges On Certain Unsecured Long Term Borrowings </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_AmountRelatedToInterestRateHedgesOnCertainUnsecuredLongTermBorrowings_lbl" xml:lang="en-US" id="id_8104553_2272412_2_1"> Amount related to interest rate hedges on certain unsecured long-term borrowings </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_AmountRelatedToInterestRateHedgesOnCertainUnsecuredLongTermBorrowings" xlink:to="gs_AmountRelatedToInterestRateHedgesOnCertainUnsecuredLongTermBorrowings_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_AmountRelatedToInterestRateHedgesOnCertainUnsecuredLongTermBorrowingsMaturingAfterYearSix" xlink:label="gs_AmountRelatedToInterestRateHedgesOnCertainUnsecuredLongTermBorrowingsMaturingAfterYearSix"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_AmountRelatedToInterestRateHedgesOnCertainUnsecuredLongTermBorrowingsMaturingAfterYearSix_lbl" xml:lang="en-US" id="id_8104553_2247632_3_1"> Amount related to interest rate hedges on certain unsecured long-term borrowings maturing after year six following the current fiscal year. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_AmountRelatedToInterestRateHedgesOnCertainUnsecuredLongTermBorrowingsMaturingAfterYearSix_lbl" xml:lang="en-US" id="id_8104553_2247632_1_1"> Amount Related To Interest Rate Hedges On Certain Unsecured Long Term Borrowings Maturing After Year Six </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_AmountRelatedToInterestRateHedgesOnCertainUnsecuredLongTermBorrowingsMaturingAfterYearSix_lbl" xml:lang="en-US" id="id_8104553_2247632_2_1"> 2022 and thereafter </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_AmountRelatedToInterestRateHedgesOnCertainUnsecuredLongTermBorrowingsMaturingAfterYearSix" xlink:to="gs_AmountRelatedToInterestRateHedgesOnCertainUnsecuredLongTermBorrowingsMaturingAfterYearSix_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_AmountRelatedToInterestRateHedgesOnCertainUnsecuredLongTermBorrowingsMaturingInYearFive" xlink:label="gs_AmountRelatedToInterestRateHedgesOnCertainUnsecuredLongTermBorrowingsMaturingInYearFive"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_AmountRelatedToInterestRateHedgesOnCertainUnsecuredLongTermBorrowingsMaturingInYearFive_lbl" xml:lang="en-US" id="id_8104553_2225638_3_1"> Amount related to interest rate hedges on certain unsecured long-term borrowings maturing during year five following the current fiscal year. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_AmountRelatedToInterestRateHedgesOnCertainUnsecuredLongTermBorrowingsMaturingInYearFive_lbl" xml:lang="en-US" id="id_8104553_2225638_1_1"> Amount Related To Interest Rate Hedges On Certain Unsecured Long Term Borrowings Maturing In Year Five </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_AmountRelatedToInterestRateHedgesOnCertainUnsecuredLongTermBorrowingsMaturingInYearFive_lbl" xml:lang="en-US" id="id_8104553_2225638_2_1"> 2020 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_AmountRelatedToInterestRateHedgesOnCertainUnsecuredLongTermBorrowingsMaturingInYearFive" xlink:to="gs_AmountRelatedToInterestRateHedgesOnCertainUnsecuredLongTermBorrowingsMaturingInYearFive_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_AmountRelatedToInterestRateHedgesOnCertainUnsecuredLongTermBorrowingsMaturingInYearFour" xlink:label="gs_AmountRelatedToInterestRateHedgesOnCertainUnsecuredLongTermBorrowingsMaturingInYearFour"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_AmountRelatedToInterestRateHedgesOnCertainUnsecuredLongTermBorrowingsMaturingInYearFour_lbl" xml:lang="en-US" id="id_8104553_2053265_3_1"> Amount related to interest rate hedges on certain unsecured long-term borrowings maturing during year four following the current fiscal year. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_AmountRelatedToInterestRateHedgesOnCertainUnsecuredLongTermBorrowingsMaturingInYearFour_lbl" xml:lang="en-US" id="id_8104553_2053265_1_1"> Amount Related To Interest Rate Hedges On Certain Unsecured Long Term Borrowings Maturing In Year Four </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_AmountRelatedToInterestRateHedgesOnCertainUnsecuredLongTermBorrowingsMaturingInYearFour_lbl" xml:lang="en-US" id="id_8104553_2053265_2_1"> 2019 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_AmountRelatedToInterestRateHedgesOnCertainUnsecuredLongTermBorrowingsMaturingInYearFour" xlink:to="gs_AmountRelatedToInterestRateHedgesOnCertainUnsecuredLongTermBorrowingsMaturingInYearFour_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_AmountRelatedToInterestRateHedgesOnCertainUnsecuredLongTermBorrowingsMaturingInYearSix" xlink:label="gs_AmountRelatedToInterestRateHedgesOnCertainUnsecuredLongTermBorrowingsMaturingInYearSix"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_AmountRelatedToInterestRateHedgesOnCertainUnsecuredLongTermBorrowingsMaturingInYearSix_lbl" xml:lang="en-US" id="id_8104553_2325700_3_1"> Amount related to interest rate hedges on certain unsecured long-term borrowings maturing during year six following the current fiscal year. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_AmountRelatedToInterestRateHedgesOnCertainUnsecuredLongTermBorrowingsMaturingInYearSix_lbl" xml:lang="en-US" id="id_8104553_2325700_1_1"> Amount Related To Interest Rate Hedges On Certain Unsecured Long Term Borrowings Maturing In Year Six </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_AmountRelatedToInterestRateHedgesOnCertainUnsecuredLongTermBorrowingsMaturingInYearSix_lbl" xml:lang="en-US" id="id_8104553_2325700_2_1"> 2021 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_AmountRelatedToInterestRateHedgesOnCertainUnsecuredLongTermBorrowingsMaturingInYearSix" xlink:to="gs_AmountRelatedToInterestRateHedgesOnCertainUnsecuredLongTermBorrowingsMaturingInYearSix_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_AmountRelatedToInterestRateHedgesOnCertainUnsecuredLongTermBorrowingsMaturingInYearThree" xlink:label="gs_AmountRelatedToInterestRateHedgesOnCertainUnsecuredLongTermBorrowingsMaturingInYearThree"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_AmountRelatedToInterestRateHedgesOnCertainUnsecuredLongTermBorrowingsMaturingInYearThree_lbl" xml:lang="en-US" id="id_8104553_2089775_3_1"> Amount related to interest rate hedges on certain unsecured long-term borrowings maturing during year three following the current fiscal year. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_AmountRelatedToInterestRateHedgesOnCertainUnsecuredLongTermBorrowingsMaturingInYearThree_lbl" xml:lang="en-US" id="id_8104553_2089775_1_1"> Amount Related To Interest Rate Hedges On Certain Unsecured Long Term Borrowings Maturing In Year Three </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_AmountRelatedToInterestRateHedgesOnCertainUnsecuredLongTermBorrowingsMaturingInYearThree_lbl" xml:lang="en-US" id="id_8104553_2089775_2_1"> 2018 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_AmountRelatedToInterestRateHedgesOnCertainUnsecuredLongTermBorrowingsMaturingInYearThree" xlink:to="gs_AmountRelatedToInterestRateHedgesOnCertainUnsecuredLongTermBorrowingsMaturingInYearThree_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_AmountRelatedToInterestRateHedgesOnCertainUnsecuredLongTermBorrowingsMaturingInYearTwo" xlink:label="gs_AmountRelatedToInterestRateHedgesOnCertainUnsecuredLongTermBorrowingsMaturingInYearTwo"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_AmountRelatedToInterestRateHedgesOnCertainUnsecuredLongTermBorrowingsMaturingInYearTwo_lbl" xml:lang="en-US" id="id_8104553_2074488_3_1"> Amount related to interest rate hedges on certain unsecured long-term borrowings maturing during year two following the current fiscal year. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_AmountRelatedToInterestRateHedgesOnCertainUnsecuredLongTermBorrowingsMaturingInYearTwo_lbl" xml:lang="en-US" id="id_8104553_2074488_1_1"> Amount Related To Interest Rate Hedges On Certain Unsecured Long Term Borrowings Maturing In Year Two </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_AmountRelatedToInterestRateHedgesOnCertainUnsecuredLongTermBorrowingsMaturingInYearTwo_lbl" xml:lang="en-US" id="id_8104553_2074488_2_1"> 2017 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_AmountRelatedToInterestRateHedgesOnCertainUnsecuredLongTermBorrowingsMaturingInYearTwo" xlink:to="gs_AmountRelatedToInterestRateHedgesOnCertainUnsecuredLongTermBorrowingsMaturingInYearTwo_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount" xlink:label="us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_lbl" xml:lang="en-US" id="id_8104553_2022267_1_1"> Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_lbl" xml:lang="en-US" id="id_8104553_2022267_2_1"> Number of antidilutive RSUs and common shares underlying antidilutive stock options </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount" xlink:to="us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_ApproximateAmountOfAuctionRateSecurities" xlink:label="gs_ApproximateAmountOfAuctionRateSecurities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_ApproximateAmountOfAuctionRateSecurities_lbl" xml:lang="en-US" id="id_8104553_2331616_3_1"> Auction Product Matters. Approximate amount of auction rate securities issued from 2001 through 2007. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_ApproximateAmountOfAuctionRateSecurities_lbl" xml:lang="en-US" id="id_8104553_2331616_1_1"> Approximate Amount Of Auction Rate Securities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_ApproximateAmountOfAuctionRateSecurities_lbl" xml:lang="en-US" id="id_8104553_2331616_2_1"> Municipal Securities Matters. Amount of auction rate securities issued by claimants from 2001 through 2007 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_ApproximateAmountOfAuctionRateSecurities" xlink:to="gs_ApproximateAmountOfAuctionRateSecurities_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_ApproximateAmountOfMaximumProtectionOfFirstLossOnLoanCommitments" xlink:label="gs_ApproximateAmountOfMaximumProtectionOfFirstLossOnLoanCommitments"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_ApproximateAmountOfMaximumProtectionOfFirstLossOnLoanCommitments_lbl" xml:lang="en-US" id="id_8104553_2374472_3_1"> Approximate amount of maximum protection provided by Sumitomo Mitsui Financial Group, Inc. (SMFG) for the first loss realized on approved loan commitments. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_ApproximateAmountOfMaximumProtectionOfFirstLossOnLoanCommitments_lbl" xml:lang="en-US" id="id_8104553_2374472_1_1"> Approximate Amount Of Maximum Protection Of First Loss On Loan Commitments </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_ApproximateAmountOfMaximumProtectionOfFirstLossOnLoanCommitments_lbl" xml:lang="en-US" id="id_8104553_2374472_2_1"> Approximate amount of maximum protection of first loss on loan commitments provided by SMFG </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_ApproximateAmountOfMaximumProtectionOfFirstLossOnLoanCommitments" xlink:to="gs_ApproximateAmountOfMaximumProtectionOfFirstLossOnLoanCommitments_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_ApproximateOfferingPrice" xlink:label="gs_ApproximateOfferingPrice"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_ApproximateOfferingPrice_lbl" xml:lang="en-US" id="id_8104553_2334322_3_1"> Approximate offering price in connection with the offering type. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_ApproximateOfferingPrice_lbl" xml:lang="en-US" id="id_8104553_2334322_1_1"> Approximate Offering Price </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_ApproximateOfferingPrice_lbl" xml:lang="en-US" id="id_8104553_2334322_2_1"> Aggregate offering price </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_ApproximateOfferingPrice" xlink:to="gs_ApproximateOfferingPrice_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_ApproximatePrincipalAmountOfNotes" xlink:label="gs_ApproximatePrincipalAmountOfNotes"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_ApproximatePrincipalAmountOfNotes_lbl" xml:lang="en-US" id="id_8104553_2297237_3_1"> Approximate principal amount of notes. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_ApproximatePrincipalAmountOfNotes_lbl" xml:lang="en-US" id="id_8104553_2297237_1_1"> Approximate Principal Amount Of Notes </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_ApproximatePrincipalAmountOfNotes_lbl" xml:lang="en-US" id="id_8104553_2297237_2_1"> Approximate principal amount of notes underwritten by GS&Co. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_ApproximatePrincipalAmountOfNotes" xlink:to="gs_ApproximatePrincipalAmountOfNotes_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_ApproximatePrincipalAmountOfNotesSold" xlink:label="gs_ApproximatePrincipalAmountOfNotesSold"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_ApproximatePrincipalAmountOfNotesSold_lbl" xml:lang="en-US" id="id_8104553_2393084_3_1"> Approximate principal amount of notes sold. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_ApproximatePrincipalAmountOfNotesSold_lbl" xml:lang="en-US" id="id_8104553_2393084_1_1"> Approximate Principal Amount Of Notes Sold </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_ApproximatePrincipalAmountOfNotesSold_lbl" xml:lang="en-US" id="id_8104553_2393084_2_1"> Approximate principal amount of notes sold by GS&Co. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_ApproximatePrincipalAmountOfNotesSold" xlink:to="gs_ApproximatePrincipalAmountOfNotesSold_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AsiaMember" xlink:label="us-gaap_AsiaMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AsiaMember_lbl" xml:lang="en-US" id="id_8104553_2025958_1_1"> Asia [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AsiaMember_lbl" xml:lang="en-US" id="id_8104553_2025958_2_1"> Asia [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AsiaMember" xlink:to="us-gaap_AsiaMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AssetBackedSecuritiesMember" xlink:label="us-gaap_AssetBackedSecuritiesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AssetBackedSecuritiesMember_lbl" xml:lang="en-US" id="id_8104553_2023135_1_1"> Asset-backed Securities [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AssetBackedSecuritiesMember_lbl" xml:lang="en-US" id="id_8104553_2023135_2_1"> Other Asset-Backed [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetBackedSecuritiesMember" xlink:to="us-gaap_AssetBackedSecuritiesMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_Assets" xlink:label="us-gaap_Assets"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_Assets_lbl" xml:lang="en-US" id="id_8104553_2023136_1_1"> Assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_Assets_lbl" xml:lang="en-US" id="id_8104553_2023136_2_1"> Total assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_Assets_lbl" xml:lang="en-US" id="id_8104553_2023136_6_1"> Total assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Assets" xlink:to="us-gaap_Assets_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AssetsAbstract" xlink:label="us-gaap_AssetsAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AssetsAbstract_lbl" xml:lang="en-US" id="id_8104553_2027910_1_1"> Assets [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AssetsAbstract_lbl" xml:lang="en-US" id="id_8104553_2027910_2_1"> Assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsAbstract" xlink:to="us-gaap_AssetsAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_AssetsAccountedAtFairValueOrApproximateFairValue" xlink:label="gs_AssetsAccountedAtFairValueOrApproximateFairValue"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_AssetsAccountedAtFairValueOrApproximateFairValue_lbl" xml:lang="en-US" id="id_8104553_2210849_3_1"> Assets accounted at fair value or approximate fair value. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_AssetsAccountedAtFairValueOrApproximateFairValue_lbl" xml:lang="en-US" id="id_8104553_2210849_1_1"> Assets accounted at fair value or approximate fair value </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_AssetsAccountedAtFairValueOrApproximateFairValue_lbl" xml:lang="en-US" id="id_8104553_2210849_2_1"> Assets accounted at fair value or approximate fair value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_AssetsAccountedAtFairValueOrApproximateFairValue" xlink:to="gs_AssetsAccountedAtFairValueOrApproximateFairValue_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AssetsFairValueDisclosure" xlink:label="us-gaap_AssetsFairValueDisclosure"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AssetsFairValueDisclosure_lbl" xml:lang="en-US" id="id_8104553_2022272_1_1"> Assets, Fair Value Disclosure </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AssetsFairValueDisclosure_lbl" xml:lang="en-US" id="id_8104553_2022272_2_1"> Total financial assets at fair value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsFairValueDisclosure" xlink:to="us-gaap_AssetsFairValueDisclosure_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_AssetsOfConsolidatedViesAbstract" xlink:label="gs_AssetsOfConsolidatedViesAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_AssetsOfConsolidatedViesAbstract_lbl" xml:lang="en-US" id="id_8104553_2261409_3_1"> Assets of consolidated VIEs. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_AssetsOfConsolidatedViesAbstract_lbl" xml:lang="en-US" id="id_8104553_2261409_1_1"> Assets Of Consolidated Vies [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_AssetsOfConsolidatedViesAbstract_lbl" xml:lang="en-US" id="id_8104553_2261409_2_1"> Assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_AssetsOfConsolidatedViesAbstract" xlink:to="gs_AssetsOfConsolidatedViesAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodDomain" xlink:label="us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodDomain_lbl" xml:lang="en-US" id="id_8104553_2025308_1_1"> Repurchase Agreements and Similar Transactions, Maturity Periods [Domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodDomain_lbl" xml:lang="en-US" id="id_8104553_2025308_2_1"> Repurchase Agreements and Similar Transactions, Maturity Periods [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodDomain" xlink:to="us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodDomain_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis" xlink:label="us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis_lbl" xml:lang="en-US" id="id_8104553_2022067_1_1"> Repurchase Agreements and Similar Transactions, Maturity Periods [Axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis_lbl" xml:lang="en-US" id="id_8104553_2022067_2_1"> Repurchase Agreements and Similar Transactions, Maturity Periods [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis" xlink:to="us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_AssumptionForFairValueOfAssetsOrLiabilitiesThatRelateToTransferorsContinuingInvolvementWeightedAverageLife" xlink:label="gs_AssumptionForFairValueOfAssetsOrLiabilitiesThatRelateToTransferorsContinuingInvolvementWeightedAverageLife"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_AssumptionForFairValueOfAssetsOrLiabilitiesThatRelateToTransferorsContinuingInvolvementWeightedAverageLife_lbl" xml:lang="en-US" id="id_8104553_2359348_3_1"> The weighted average life of securitized assets. This is used as a key input and assumption in measuring the fair value of assets or liabilities that relate to a transferor's continuing involvement, if any, as of the date of the latest statement of financial position presented. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_AssumptionForFairValueOfAssetsOrLiabilitiesThatRelateToTransferorsContinuingInvolvementWeightedAverageLife_lbl" xml:lang="en-US" id="id_8104553_2359348_1_1"> Assumption For Fair Value Of Assets Or Liabilities That Relate To Transferors Continuing Involvement Weighted Average Life </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_AssumptionForFairValueOfAssetsOrLiabilitiesThatRelateToTransferorsContinuingInvolvementWeightedAverageLife_lbl" xml:lang="en-US" id="id_8104553_2359348_2_1"> Weighted average life (years) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_AssumptionForFairValueOfAssetsOrLiabilitiesThatRelateToTransferorsContinuingInvolvementWeightedAverageLife" xlink:to="gs_AssumptionForFairValueOfAssetsOrLiabilitiesThatRelateToTransferorsContinuingInvolvementWeightedAverageLife_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AssumptionForFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesDiscountRate" xlink:label="us-gaap_AssumptionForFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesDiscountRate"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AssumptionForFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesDiscountRate_lbl" xml:lang="en-US" id="id_8104553_2026605_1_1"> Assumption for Fair Value of Assets or Liabilities that relate to Transferor's Continuing Involvement, Discount Rate </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AssumptionForFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesDiscountRate_lbl" xml:lang="en-US" id="id_8104553_2026605_2_1"> Discount rate </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssumptionForFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesDiscountRate" xlink:to="us-gaap_AssumptionForFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesDiscountRate_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AssumptionForFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesPrepaymentSpeed" xlink:label="us-gaap_AssumptionForFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesPrepaymentSpeed"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AssumptionForFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesPrepaymentSpeed_lbl" xml:lang="en-US" id="id_8104553_2022925_1_1"> Assumption for Fair Value of Assets or Liabilities that relate to Transferor's Continuing Involvement, Prepayment Speed </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AssumptionForFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesPrepaymentSpeed_lbl" xml:lang="en-US" id="id_8104553_2022925_2_1"> Constant prepayment rate </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssumptionForFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesPrepaymentSpeed" xlink:to="us-gaap_AssumptionForFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesPrepaymentSpeed_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_AutomaticPreferredEnhancedCapitalSecuritiesExchangedFairValue" xlink:label="gs_AutomaticPreferredEnhancedCapitalSecuritiesExchangedFairValue"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_AutomaticPreferredEnhancedCapitalSecuritiesExchangedFairValue_lbl" xml:lang="en-US" id="id_8104553_2385180_3_1"> Fair value of APEX securities exchanged. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_AutomaticPreferredEnhancedCapitalSecuritiesExchangedFairValue_lbl" xml:lang="en-US" id="id_8104553_2385180_1_1"> Automatic Preferred Enhanced Capital Securities Exchanged Fair Value </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_AutomaticPreferredEnhancedCapitalSecuritiesExchangedFairValue_lbl" xml:lang="en-US" id="id_8104553_2385180_2_1"> APEX exchanged, fair value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_AutomaticPreferredEnhancedCapitalSecuritiesExchangedFairValue" xlink:to="gs_AutomaticPreferredEnhancedCapitalSecuritiesExchangedFairValue_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_AutomaticPreferredEnhancedCapitalSecuritiesExchangedParAmount" xlink:label="gs_AutomaticPreferredEnhancedCapitalSecuritiesExchangedParAmount"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_AutomaticPreferredEnhancedCapitalSecuritiesExchangedParAmount_lbl" xml:lang="en-US" id="id_8104553_2385181_3_1"> Par value of APEX exchanged. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_AutomaticPreferredEnhancedCapitalSecuritiesExchangedParAmount_lbl" xml:lang="en-US" id="id_8104553_2385181_1_1"> Automatic Preferred Enhanced Capital Securities Exchanged Par Amount </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_AutomaticPreferredEnhancedCapitalSecuritiesExchangedParAmount_lbl" xml:lang="en-US" id="id_8104553_2385181_2_1"> APEX exchanged, par amount </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_AutomaticPreferredEnhancedCapitalSecuritiesExchangedParAmount" xlink:to="gs_AutomaticPreferredEnhancedCapitalSecuritiesExchangedParAmount_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_AverageCommonSharesOutstandingAbstract" xlink:label="gs_AverageCommonSharesOutstandingAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_AverageCommonSharesOutstandingAbstract_lbl" xml:lang="en-US" id="id_8104553_2258408_3_1"> Average common shares outstanding. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_AverageCommonSharesOutstandingAbstract_lbl" xml:lang="en-US" id="id_8104553_2258408_1_1"> Average Common Shares Outstanding [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_AverageCommonSharesOutstandingAbstract_lbl" xml:lang="en-US" id="id_8104553_2258408_2_1"> Average common shares </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_AverageCommonSharesOutstandingAbstract" xlink:to="gs_AverageCommonSharesOutstandingAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_AverageMember" xlink:label="gs_AverageMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_AverageMember_lbl" xml:lang="en-US" id="id_8104553_2247830_3_1"> Arithmetic average of the input. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_AverageMember_lbl" xml:lang="en-US" id="id_8104553_2247830_1_1"> Average [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_AverageMember_lbl" xml:lang="en-US" id="id_8104553_2247830_2_1"> Average [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_AverageMember" xlink:to="gs_AverageMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_BankingAndThriftAbstract" xlink:label="us-gaap_BankingAndThriftAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_BankingAndThriftAbstract_lbl" xml:lang="en-US" id="id_8104553_2023371_1_1"> Banking and Thrift [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_BankingAndThriftAbstract_lbl" xml:lang="en-US" id="id_8104553_2023371_2_1"> Banking and Thrift [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BankingAndThriftAbstract" xlink:to="us-gaap_BankingAndThriftAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_BankingAndThriftInterestAbstract" xlink:label="us-gaap_BankingAndThriftInterestAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_BankingAndThriftInterestAbstract_lbl" xml:lang="en-US" id="id_8104553_2026176_1_1"> Banking and Thrift, Interest [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_BankingAndThriftInterestAbstract_lbl" xml:lang="en-US" id="id_8104553_2026176_2_1"> Banking and Thrift, Interest [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BankingAndThriftInterestAbstract" xlink:to="us-gaap_BankingAndThriftInterestAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_BankLoansAndBridgeLoansMember" xlink:label="gs_BankLoansAndBridgeLoansMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_BankLoansAndBridgeLoansMember_lbl" xml:lang="en-US" id="id_8104553_2357894_3_1"> Bank loans and bridge loans. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_BankLoansAndBridgeLoansMember_lbl" xml:lang="en-US" id="id_8104553_2357894_1_1"> Bank Loans And Bridge Loans [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_BankLoansAndBridgeLoansMember_lbl" xml:lang="en-US" id="id_8104553_2357894_2_1"> Bank Loans and Bridge Loans [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_BankLoansAndBridgeLoansMember" xlink:to="gs_BankLoansAndBridgeLoansMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_BaselThreeAdvancedRulesMember" xlink:label="gs_BaselThreeAdvancedRulesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_BaselThreeAdvancedRulesMember_lbl" xml:lang="en-US" id="id_8104553_2068829_3_1"> Basel Three Advanced Rules [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_BaselThreeAdvancedRulesMember_lbl" xml:lang="en-US" id="id_8104553_2068829_1_1"> Basel Three Advanced Rules [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_BaselThreeAdvancedRulesMember_lbl" xml:lang="en-US" id="id_8104553_2068829_2_1"> Basel III Advanced Rules [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_BaselThreeAdvancedRulesMember" xlink:to="gs_BaselThreeAdvancedRulesMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_BaselThreeAdvancedTransitionalMember" xlink:label="gs_BaselThreeAdvancedTransitionalMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_BaselThreeAdvancedTransitionalMember_lbl" xml:lang="en-US" id="id_8104553_2062820_3_1"> Basel III Advanced Transitional. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_BaselThreeAdvancedTransitionalMember_lbl" xml:lang="en-US" id="id_8104553_2062820_1_1"> Basel Three Advanced Transitional [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_BaselThreeAdvancedTransitionalMember_lbl" xml:lang="en-US" id="id_8104553_2062820_2_1"> Basel III Advanced Transitional [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_BaselThreeAdvancedTransitionalMember" xlink:to="gs_BaselThreeAdvancedTransitionalMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_BasisOfAccounting" xlink:label="us-gaap_BasisOfAccounting"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_BasisOfAccounting_lbl" xml:lang="en-US" id="id_8104553_2022504_1_1"> Basis of Accounting [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_BasisOfAccounting_lbl" xml:lang="en-US" id="id_8104553_2022504_2_1"> Basis of Presentation </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BasisOfAccounting" xlink:to="us-gaap_BasisOfAccounting_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_BasisOfPresentationPolicyTextBlock" xlink:label="gs_BasisOfPresentationPolicyTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_BasisOfPresentationPolicyTextBlock_lbl" xml:lang="en-US" id="id_8104553_2365620_3_1"> Provides information that the preparation of financial statements is in conformity with generally accepted accounting principles that requires the use of management estimates and assumptions. It also describes an entity's fiscal year or other fiscal periods ended. For interim financial statements, provides information that the condensed consolidated financial statements are unaudited and reflect all adjustments that are necessary for a fair statement of the results for the interim periods presented. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_BasisOfPresentationPolicyTextBlock_lbl" xml:lang="en-US" id="id_8104553_2365620_1_1"> Basis Of Presentation [Policy Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_BasisOfPresentationPolicyTextBlock_lbl" xml:lang="en-US" id="id_8104553_2365620_2_1"> Basis of Presentation </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_BasisOfPresentationPolicyTextBlock" xlink:to="gs_BasisOfPresentationPolicyTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_BeneficialInterestCommon" xlink:label="gs_BeneficialInterestCommon"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_BeneficialInterestCommon_lbl" xml:lang="en-US" id="id_8104553_2344746_3_1"> Common beneficial interests issued by GS Capital I to Group Inc. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_BeneficialInterestCommon_lbl" xml:lang="en-US" id="id_8104553_2344746_1_1"> Beneficial Interest Common </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_BeneficialInterestCommon_lbl" xml:lang="en-US" id="id_8104553_2344746_2_1"> Common beneficial interests issued to Group Inc. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_BeneficialInterestCommon" xlink:to="gs_BeneficialInterestCommon_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_BeneficialInterestCommonDeliveredToTrust" xlink:label="gs_BeneficialInterestCommonDeliveredToTrust"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_BeneficialInterestCommonDeliveredToTrust_lbl" xml:lang="en-US" id="id_8104553_2151471_3_1"> Common beneficial interests delivered to GS Capital I from Group Inc. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_BeneficialInterestCommonDeliveredToTrust_lbl" xml:lang="en-US" id="id_8104553_2151471_1_1"> Beneficial Interest Common Delivered To Trust </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_BeneficialInterestCommonDeliveredToTrust_lbl" xml:lang="en-US" id="id_8104553_2151471_2_1"> Common beneficial interests delivered to the Trust </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_BeneficialInterestCommonDeliveredToTrust" xlink:to="gs_BeneficialInterestCommonDeliveredToTrust_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_BeneficialInterestCommonOutstandingParAmount" xlink:label="gs_BeneficialInterestCommonOutstandingParAmount"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_BeneficialInterestCommonOutstandingParAmount_lbl" xml:lang="en-US" id="id_8104553_2368355_3_1"> Outstanding par amount of common beneficial interests issued by the Trust. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_BeneficialInterestCommonOutstandingParAmount_lbl" xml:lang="en-US" id="id_8104553_2368355_1_1"> Beneficial Interest Common Outstanding Par Amount </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_BeneficialInterestCommonOutstandingParAmount_lbl" xml:lang="en-US" id="id_8104553_2368355_2_1"> Common beneficial interests, outstanding par amount </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_BeneficialInterestCommonOutstandingParAmount" xlink:to="gs_BeneficialInterestCommonOutstandingParAmount_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_BeneficialInterestPreferred" xlink:label="gs_BeneficialInterestPreferred"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_BeneficialInterestPreferred_lbl" xml:lang="en-US" id="id_8104553_2045275_3_1"> Guaranteed preferred beneficial interests issued by GS Capital I to third parties. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_BeneficialInterestPreferred_lbl" xml:lang="en-US" id="id_8104553_2045275_1_1"> Beneficial Interest Preferred </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_BeneficialInterestPreferred_lbl" xml:lang="en-US" id="id_8104553_2045275_2_1"> Guaranteed preferred beneficial interests issued to third parties </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_BeneficialInterestPreferred" xlink:to="gs_BeneficialInterestPreferred_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_BifurcatedEmbeddedDerivativesTableTextBlock" xlink:label="gs_BifurcatedEmbeddedDerivativesTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_BifurcatedEmbeddedDerivativesTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2138765_3_1"> Bifurcated embedded derivatives. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_BifurcatedEmbeddedDerivativesTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2138765_1_1"> Bifurcated Embedded Derivatives [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_BifurcatedEmbeddedDerivativesTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2138765_2_1"> Bifurcated Embedded Derivatives </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_BifurcatedEmbeddedDerivativesTableTextBlock" xlink:to="gs_BifurcatedEmbeddedDerivativesTableTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_BilateralOtcMember" xlink:label="gs_BilateralOtcMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_BilateralOtcMember_lbl" xml:lang="en-US" id="id_8104553_2227627_3_1"> Bilateral OTC. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_BilateralOtcMember_lbl" xml:lang="en-US" id="id_8104553_2227627_1_1"> Bilateral Otc [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_BilateralOtcMember_lbl" xml:lang="en-US" id="id_8104553_2227627_2_1"> Bilateral OTC [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_BilateralOtcMember" xlink:to="gs_BilateralOtcMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_BrokerageClearingExchangeAndDistributionFees" xlink:label="gs_BrokerageClearingExchangeAndDistributionFees"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_BrokerageClearingExchangeAndDistributionFees_lbl" xml:lang="en-US" id="id_8104553_2110661_3_1"> Fees paid to other brokers for the execution of transactions. Also includes exchange and clearance fees, third party research and brokerage fees, and asset management sales and distribution fees. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_BrokerageClearingExchangeAndDistributionFees_lbl" xml:lang="en-US" id="id_8104553_2110661_1_1"> Brokerage Clearing Exchange And Distribution Fees </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_BrokerageClearingExchangeAndDistributionFees_lbl" xml:lang="en-US" id="id_8104553_2110661_2_1"> Brokerage, clearing, exchange and distribution fees </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_BrokerageClearingExchangeAndDistributionFees" xlink:to="gs_BrokerageClearingExchangeAndDistributionFees_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_BrokerageCommissionsRevenue" xlink:label="us-gaap_BrokerageCommissionsRevenue"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_BrokerageCommissionsRevenue_lbl" xml:lang="en-US" id="id_8104553_2025983_1_1"> Brokerage Commissions Revenue </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_BrokerageCommissionsRevenue_lbl" xml:lang="en-US" id="id_8104553_2025983_2_1"> Commissions and fees </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BrokerageCommissionsRevenue" xlink:to="us-gaap_BrokerageCommissionsRevenue_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_BrokeredCertificatesOfDepositMember" xlink:label="gs_BrokeredCertificatesOfDepositMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_BrokeredCertificatesOfDepositMember_lbl" xml:lang="en-US" id="id_8104553_2286102_3_1"> Brokered Certificates Of Deposit [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_BrokeredCertificatesOfDepositMember_lbl" xml:lang="en-US" id="id_8104553_2286102_1_1"> Brokered Certificates Of Deposit [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_BrokeredCertificatesOfDepositMember_lbl" xml:lang="en-US" id="id_8104553_2286102_2_1"> Brokered Certificates Of Deposit [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_BrokeredCertificatesOfDepositMember" xlink:to="gs_BrokeredCertificatesOfDepositMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_BrokersAndDealersAbstract" xlink:label="us-gaap_BrokersAndDealersAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_BrokersAndDealersAbstract_lbl" xml:lang="en-US" id="id_8104553_2027485_1_1"> Brokers and Dealers [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_BrokersAndDealersAbstract_lbl" xml:lang="en-US" id="id_8104553_2027485_2_1"> Brokers and Dealers [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BrokersAndDealersAbstract" xlink:to="us-gaap_BrokersAndDealersAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_BusinessAcquisitionAcquireeDomain" xlink:label="us-gaap_BusinessAcquisitionAcquireeDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_BusinessAcquisitionAcquireeDomain_lbl" xml:lang="en-US" id="id_8104553_2022941_1_1"> Business Acquisition, Acquiree [Domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_BusinessAcquisitionAcquireeDomain_lbl" xml:lang="en-US" id="id_8104553_2022941_2_1"> Business Acquisition, Acquiree [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BusinessAcquisitionAcquireeDomain" xlink:to="us-gaap_BusinessAcquisitionAcquireeDomain_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_BusinessAcquisitionAxis" xlink:label="us-gaap_BusinessAcquisitionAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_BusinessAcquisitionAxis_lbl" xml:lang="en-US" id="id_8104553_2027704_1_1"> Business Acquisition [Axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_BusinessAcquisitionAxis_lbl" xml:lang="en-US" id="id_8104553_2027704_2_1"> Business Acquisition [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BusinessAcquisitionAxis" xlink:to="us-gaap_BusinessAcquisitionAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities" xlink:label="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities_lbl" xml:lang="en-US" id="id_8104553_2024237_1_1"> Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities_lbl" xml:lang="en-US" id="id_8104553_2024237_2_1"> Deposits assumed </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities" xlink:to="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_BusinessDevelopment" xlink:label="us-gaap_BusinessDevelopment"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_BusinessDevelopment_lbl" xml:lang="en-US" id="id_8104553_2024028_1_1"> Business Development </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_BusinessDevelopment_lbl" xml:lang="en-US" id="id_8104553_2024028_2_1"> Market development </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BusinessDevelopment" xlink:to="us-gaap_BusinessDevelopment_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_CancellationOfRestrictedStockUnitsAndEmployeeStockOptionsInSatisfactionOfWithholdingTaxRequirements" xlink:label="gs_CancellationOfRestrictedStockUnitsAndEmployeeStockOptionsInSatisfactionOfWithholdingTaxRequirements"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_CancellationOfRestrictedStockUnitsAndEmployeeStockOptionsInSatisfactionOfWithholdingTaxRequirements_lbl" xml:lang="en-US" id="id_8104553_2244273_3_1"> Cancellation of restricted stock units and employee stock options in satisfaction of withholding tax requirements. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_CancellationOfRestrictedStockUnitsAndEmployeeStockOptionsInSatisfactionOfWithholdingTaxRequirements_lbl" xml:lang="en-US" id="id_8104553_2244273_1_1"> Cancellation Of Restricted Stock Units And Employee Stock Options In Satisfaction Of Withholding Tax Requirements </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="gs_CancellationOfRestrictedStockUnitsAndEmployeeStockOptionsInSatisfactionOfWithholdingTaxRequirements_lbl" xml:lang="en-US" id="id_8104553_2244273_14_1"> Cancellation of share-based awards in satisfaction of withholding tax requirements </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_CancellationOfRestrictedStockUnitsAndEmployeeStockOptionsInSatisfactionOfWithholdingTaxRequirements" xlink:to="gs_CancellationOfRestrictedStockUnitsAndEmployeeStockOptionsInSatisfactionOfWithholdingTaxRequirements_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_Capital" xlink:label="us-gaap_Capital"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_Capital_lbl" xml:lang="en-US" id="id_8104553_2026838_1_1"> Capital </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_Capital_lbl" xml:lang="en-US" id="id_8104553_2026838_2_1"> Total capital </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Capital" xlink:to="us-gaap_Capital_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_CapitalIMember" xlink:label="gs_CapitalIMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_CapitalIMember_lbl" xml:lang="en-US" id="id_8104553_2094621_3_1"> Capital I. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_CapitalIMember_lbl" xml:lang="en-US" id="id_8104553_2094621_1_1"> Capital I [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_CapitalIMember_lbl" xml:lang="en-US" id="id_8104553_2094621_2_1"> Goldman Sachs Capital I [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_CapitalIMember" xlink:to="gs_CapitalIMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CapitalRequiredForCapitalAdequacyToRiskWeightedAssets" xlink:label="us-gaap_CapitalRequiredForCapitalAdequacyToRiskWeightedAssets"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CapitalRequiredForCapitalAdequacyToRiskWeightedAssets_lbl" xml:lang="en-US" id="id_8104553_2024470_1_1"> Capital Required for Capital Adequacy to Risk Weighted Assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CapitalRequiredForCapitalAdequacyToRiskWeightedAssets_lbl" xml:lang="en-US" id="id_8104553_2024470_2_1"> Total capital ratio </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CapitalRequiredForCapitalAdequacyToRiskWeightedAssets" xlink:to="us-gaap_CapitalRequiredForCapitalAdequacyToRiskWeightedAssets_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CapitalRequiredToBeWellCapitalizedToRiskWeightedAssets" xlink:label="us-gaap_CapitalRequiredToBeWellCapitalizedToRiskWeightedAssets"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CapitalRequiredToBeWellCapitalizedToRiskWeightedAssets_lbl" xml:lang="en-US" id="id_8104553_2021421_1_1"> Capital Required to be Well Capitalized to Risk Weighted Assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CapitalRequiredToBeWellCapitalizedToRiskWeightedAssets_lbl" xml:lang="en-US" id="id_8104553_2021421_2_1"> Well-capitalized minimum total capital ratio </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CapitalRequiredToBeWellCapitalizedToRiskWeightedAssets" xlink:to="us-gaap_CapitalRequiredToBeWellCapitalizedToRiskWeightedAssets_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CapitalToRiskWeightedAssets" xlink:label="us-gaap_CapitalToRiskWeightedAssets"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CapitalToRiskWeightedAssets_lbl" xml:lang="en-US" id="id_8104553_2024920_1_1"> Capital to Risk Weighted Assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CapitalToRiskWeightedAssets_lbl" xml:lang="en-US" id="id_8104553_2024920_2_1"> Total capital ratio </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CapitalToRiskWeightedAssets" xlink:to="us-gaap_CapitalToRiskWeightedAssets_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_CarryingValueOfLiabilitiesOfLendingCommitmentsHeldForInvestment" xlink:label="gs_CarryingValueOfLiabilitiesOfLendingCommitmentsHeldForInvestment"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_CarryingValueOfLiabilitiesOfLendingCommitmentsHeldForInvestment_lbl" xml:lang="en-US" id="id_8104553_2142938_3_1"> Carrying value of the liabilities of lending commitments held-for-investment. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_CarryingValueOfLiabilitiesOfLendingCommitmentsHeldForInvestment_lbl" xml:lang="en-US" id="id_8104553_2142938_1_1"> Carrying Value Of Liabilities Of Lending Commitments Held For Investment </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_CarryingValueOfLiabilitiesOfLendingCommitmentsHeldForInvestment_lbl" xml:lang="en-US" id="id_8104553_2142938_2_1"> Carrying value of the liabilities relating to lending commitments held for investment </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_CarryingValueOfLiabilitiesOfLendingCommitmentsHeldForInvestment" xlink:to="gs_CarryingValueOfLiabilitiesOfLendingCommitmentsHeldForInvestment_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue_lbl" xml:lang="en-US" id="id_8104553_2025118_1_1"> Cash and Cash Equivalents, at Carrying Value </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue_lbl" xml:lang="en-US" id="id_8104553_2025118_4_1"> Cash and cash equivalents, end of period </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue_lbl" xml:lang="en-US" id="id_8104553_2025118_5_1"> Cash and cash equivalents, beginning of year </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue_lbl" xml:lang="en-US" id="id_8104553_2025118_2_1"> Cash and cash equivalents </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:to="us-gaap_CashAndCashEquivalentsAtCarryingValue_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:label="us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_lbl" xml:lang="en-US" id="id_8104553_2023171_1_1"> Cash and Cash Equivalents, Period Increase (Decrease) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_lbl" xml:lang="en-US" id="id_8104553_2023171_6_1"> Net increase in cash and cash equivalents </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:to="us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CashAndCashEquivalentsPolicyTextBlock" xlink:label="us-gaap_CashAndCashEquivalentsPolicyTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CashAndCashEquivalentsPolicyTextBlock_lbl" xml:lang="en-US" id="id_8104553_2025342_1_1"> Cash and Cash Equivalents, Policy [Policy Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CashAndCashEquivalentsPolicyTextBlock_lbl" xml:lang="en-US" id="id_8104553_2025342_2_1"> Cash and Cash Equivalents, Policy </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashAndCashEquivalentsPolicyTextBlock" xlink:to="us-gaap_CashAndCashEquivalentsPolicyTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CashAndDueFromBanks" xlink:label="us-gaap_CashAndDueFromBanks"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CashAndDueFromBanks_lbl" xml:lang="en-US" id="id_8104553_2022304_1_1"> Cash and Due from Banks </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CashAndDueFromBanks_lbl" xml:lang="en-US" id="id_8104553_2022304_2_1"> Cash and due from banks </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashAndDueFromBanks" xlink:to="us-gaap_CashAndDueFromBanks_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CashAndSecuritiesSegregatedUnderFederalAndOtherRegulations" xlink:label="us-gaap_CashAndSecuritiesSegregatedUnderFederalAndOtherRegulations"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CashAndSecuritiesSegregatedUnderFederalAndOtherRegulations_lbl" xml:lang="en-US" id="id_8104553_2026008_1_1"> Cash and Securities Segregated under Federal and Other Regulations </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CashAndSecuritiesSegregatedUnderFederalAndOtherRegulations_lbl" xml:lang="en-US" id="id_8104553_2026008_2_1"> Cash and securities segregated for regulatory and other purposes </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_CashAndSecuritiesSegregatedUnderFederalAndOtherRegulations_lbl" xml:lang="en-US" id="id_8104553_2026008_12_1"> Cash and securities segregated for regulatory and other purposes (includes $36,058 and $38,504 at fair value as of September 2016 and December 2015, respectively) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashAndSecuritiesSegregatedUnderFederalAndOtherRegulations" xlink:to="us-gaap_CashAndSecuritiesSegregatedUnderFederalAndOtherRegulations_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_CashCollateralNettingAdjustmentMember" xlink:label="gs_CashCollateralNettingAdjustmentMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_CashCollateralNettingAdjustmentMember_lbl" xml:lang="en-US" id="id_8104553_2206372_3_1"> Cash collateral netting [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_CashCollateralNettingAdjustmentMember_lbl" xml:lang="en-US" id="id_8104553_2206372_1_1"> Cash Collateral Netting Adjustment [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_CashCollateralNettingAdjustmentMember_lbl" xml:lang="en-US" id="id_8104553_2206372_2_1"> Cash Collateral Netting [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_CashCollateralNettingAdjustmentMember" xlink:to="gs_CashCollateralNettingAdjustmentMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CashFDICInsuredAmount" xlink:label="us-gaap_CashFDICInsuredAmount"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CashFDICInsuredAmount_lbl" xml:lang="en-US" id="id_8104553_2023602_1_1"> Cash, FDIC Insured Amount </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CashFDICInsuredAmount_lbl" xml:lang="en-US" id="id_8104553_2023602_2_1"> Deposits insured by the FDIC </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashFDICInsuredAmount" xlink:to="us-gaap_CashFDICInsuredAmount_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract" xlink:label="us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_lbl" xml:lang="en-US" id="id_8104553_2024696_1_1"> Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_lbl" xml:lang="en-US" id="id_8104553_2024696_2_1"> Non-cash activities: </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract" xlink:to="us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CashFlowsBetweenTransferorAndTransfereeBeneficialInterest" xlink:label="us-gaap_CashFlowsBetweenTransferorAndTransfereeBeneficialInterest"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CashFlowsBetweenTransferorAndTransfereeBeneficialInterest_lbl" xml:lang="en-US" id="id_8104553_2022305_1_1"> Cash Flows Between Transferor and Transferee, Beneficial Interest </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CashFlowsBetweenTransferorAndTransfereeBeneficialInterest_lbl" xml:lang="en-US" id="id_8104553_2022305_2_1"> Cash flows on retained interests </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashFlowsBetweenTransferorAndTransfereeBeneficialInterest" xlink:to="us-gaap_CashFlowsBetweenTransferorAndTransfereeBeneficialInterest_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_CashInstrumentsAbstract" xlink:label="gs_CashInstrumentsAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_CashInstrumentsAbstract_lbl" xml:lang="en-US" id="id_8104553_2105731_3_1"> Cash Instruments [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_CashInstrumentsAbstract_lbl" xml:lang="en-US" id="id_8104553_2105731_1_1"> Cash Instruments [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_CashInstrumentsAbstract_lbl" xml:lang="en-US" id="id_8104553_2105731_2_1"> Cash Instruments [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_CashInstrumentsAbstract" xlink:to="gs_CashInstrumentsAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_CashInstrumentsAssetsMember" xlink:label="gs_CashInstrumentsAssetsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_CashInstrumentsAssetsMember_lbl" xml:lang="en-US" id="id_8104553_2230560_3_1"> Cash Instruments Assets [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_CashInstrumentsAssetsMember_lbl" xml:lang="en-US" id="id_8104553_2230560_1_1"> Cash Instruments Assets [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_CashInstrumentsAssetsMember_lbl" xml:lang="en-US" id="id_8104553_2230560_2_1"> Cash Instruments Assets [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_CashInstrumentsAssetsMember" xlink:to="gs_CashInstrumentsAssetsMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_CashInstrumentsLiabilitiesMember" xlink:label="gs_CashInstrumentsLiabilitiesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_CashInstrumentsLiabilitiesMember_lbl" xml:lang="en-US" id="id_8104553_2310308_3_1"> Cash Instruments Liabilities [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_CashInstrumentsLiabilitiesMember_lbl" xml:lang="en-US" id="id_8104553_2310308_1_1"> Cash Instruments Liabilities [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_CashInstrumentsLiabilitiesMember_lbl" xml:lang="en-US" id="id_8104553_2310308_2_1"> Cash Instruments Liabilities [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_CashInstrumentsLiabilitiesMember" xlink:to="gs_CashInstrumentsLiabilitiesMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_CashInstrumentsMember" xlink:label="gs_CashInstrumentsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_CashInstrumentsMember_lbl" xml:lang="en-US" id="id_8104553_2158781_3_1"> Cash instruments. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_CashInstrumentsMember_lbl" xml:lang="en-US" id="id_8104553_2158781_1_1"> Cash Instruments [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_CashInstrumentsMember_lbl" xml:lang="en-US" id="id_8104553_2158781_2_1"> Cash Instruments [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_CashInstrumentsMember" xlink:to="gs_CashInstrumentsMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_CashInstrumentsTextBlock" xlink:label="gs_CashInstrumentsTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_CashInstrumentsTextBlock_lbl" xml:lang="en-US" id="id_8104553_2204220_3_1"> Cash instruments. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_CashInstrumentsTextBlock_lbl" xml:lang="en-US" id="id_8104553_2204220_1_1"> Cash Instruments [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_CashInstrumentsTextBlock_lbl" xml:lang="en-US" id="id_8104553_2204220_2_1"> Cash Instruments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_CashInstrumentsTextBlock" xlink:to="gs_CashInstrumentsTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_CashSettlementOfShareBasedAwards" xlink:label="gs_CashSettlementOfShareBasedAwards"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_CashSettlementOfShareBasedAwards_lbl" xml:lang="en-US" id="id_8104553_2377400_3_1"> Cash settlement of share based awards. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_CashSettlementOfShareBasedAwards_lbl" xml:lang="en-US" id="id_8104553_2377400_1_1"> Cash Settlement Of Share Based Awards </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="gs_CashSettlementOfShareBasedAwards_lbl" xml:lang="en-US" id="id_8104553_2377400_14_1"> Cash settlement of share-based awards </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_CashSettlementOfShareBasedAwards" xlink:to="gs_CashSettlementOfShareBasedAwards_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_CdosAndClosBackedByRealEstateAndCorporateObligationsMember" xlink:label="gs_CdosAndClosBackedByRealEstateAndCorporateObligationsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_CdosAndClosBackedByRealEstateAndCorporateObligationsMember_lbl" xml:lang="en-US" id="id_8104553_2134738_3_1"> Cdos And Clos Backed By Real Estate And Corporate Obligations [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_CdosAndClosBackedByRealEstateAndCorporateObligationsMember_lbl" xml:lang="en-US" id="id_8104553_2134738_1_1"> Cdos And Clos Backed By Real Estate And Corporate Obligations [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_CdosAndClosBackedByRealEstateAndCorporateObligationsMember_lbl" xml:lang="en-US" id="id_8104553_2134738_2_1"> CDOs and CLOs Backed by Real Estate and Corporate Obligations [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_CdosAndClosBackedByRealEstateAndCorporateObligationsMember" xlink:to="gs_CdosAndClosBackedByRealEstateAndCorporateObligationsMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_CdosBackedByMortgageObligationsMember" xlink:label="gs_CdosBackedByMortgageObligationsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_CdosBackedByMortgageObligationsMember_lbl" xml:lang="en-US" id="id_8104553_2340897_3_1"> CDOs backed by mortgage obligations. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_CdosBackedByMortgageObligationsMember_lbl" xml:lang="en-US" id="id_8104553_2340897_1_1"> Cdos Backed By Mortgage Obligations [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_CdosBackedByMortgageObligationsMember_lbl" xml:lang="en-US" id="id_8104553_2340897_2_1"> CDOs Backed by Mortgage Obligations [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_CdosBackedByMortgageObligationsMember" xlink:to="gs_CdosBackedByMortgageObligationsMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_CdosClosAndOtherMember" xlink:label="gs_CdosClosAndOtherMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_CdosClosAndOtherMember_lbl" xml:lang="en-US" id="id_8104553_2200628_3_1"> Cdos Clos and other. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_CdosClosAndOtherMember_lbl" xml:lang="en-US" id="id_8104553_2200628_1_1"> Cdos Clos And Other [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_CdosClosAndOtherMember_lbl" xml:lang="en-US" id="id_8104553_2200628_2_1"> CDOs, CLOs And Other [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_CdosClosAndOtherMember" xlink:to="gs_CdosClosAndOtherMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_CdosMortgageBackedAndOtherAssetBackedMember" xlink:label="gs_CdosMortgageBackedAndOtherAssetBackedMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_CdosMortgageBackedAndOtherAssetBackedMember_lbl" xml:lang="en-US" id="id_8104553_2290911_3_1"> CDOs, mortgage-backed and other asset-backed. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_CdosMortgageBackedAndOtherAssetBackedMember_lbl" xml:lang="en-US" id="id_8104553_2290911_1_1"> Cdos Mortgage Backed And Other Asset Backed [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_CdosMortgageBackedAndOtherAssetBackedMember_lbl" xml:lang="en-US" id="id_8104553_2290911_2_1"> CDOs, Mortgage-Backed and Other Asset-Backed [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_CdosMortgageBackedAndOtherAssetBackedMember" xlink:to="gs_CdosMortgageBackedAndOtherAssetBackedMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CertainLoansAcquiredInTransferAccountedForAsDebtSecuritiesAccretableYield" xlink:label="us-gaap_CertainLoansAcquiredInTransferAccountedForAsDebtSecuritiesAccretableYield"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CertainLoansAcquiredInTransferAccountedForAsDebtSecuritiesAccretableYield_lbl" xml:lang="en-US" id="id_8104553_2023178_1_1"> Certain Loans Acquired in Transfer Accounted for as Debt Securities, Accretable Yield </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CertainLoansAcquiredInTransferAccountedForAsDebtSecuritiesAccretableYield_lbl" xml:lang="en-US" id="id_8104553_2023178_2_1"> Accretable yield </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CertainLoansAcquiredInTransferAccountedForAsDebtSecuritiesAccretableYield" xlink:to="us-gaap_CertainLoansAcquiredInTransferAccountedForAsDebtSecuritiesAccretableYield_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CertainLoansAcquiredInTransferAccountedForAsDebtSecuritiesAcquiredDuringPeriodAtAcquisitionAtFairValue" xlink:label="us-gaap_CertainLoansAcquiredInTransferAccountedForAsDebtSecuritiesAcquiredDuringPeriodAtAcquisitionAtFairValue"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CertainLoansAcquiredInTransferAccountedForAsDebtSecuritiesAcquiredDuringPeriodAtAcquisitionAtFairValue_lbl" xml:lang="en-US" id="id_8104553_2024924_1_1"> Certain Loans Acquired in Transfer Accounted for as Debt Securities, Acquired During Period, at Acquisition, at Fair Value </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CertainLoansAcquiredInTransferAccountedForAsDebtSecuritiesAcquiredDuringPeriodAtAcquisitionAtFairValue_lbl" xml:lang="en-US" id="id_8104553_2024924_2_1"> Fair value of loans at the time of acquisition </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CertainLoansAcquiredInTransferAccountedForAsDebtSecuritiesAcquiredDuringPeriodAtAcquisitionAtFairValue" xlink:to="us-gaap_CertainLoansAcquiredInTransferAccountedForAsDebtSecuritiesAcquiredDuringPeriodAtAcquisitionAtFairValue_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CertainLoansAcquiredInTransferAccountedForAsDebtSecuritiesAcquiredDuringPeriodCashFlowsExpectedToBeCollectedAtAcquisition" xlink:label="us-gaap_CertainLoansAcquiredInTransferAccountedForAsDebtSecuritiesAcquiredDuringPeriodCashFlowsExpectedToBeCollectedAtAcquisition"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CertainLoansAcquiredInTransferAccountedForAsDebtSecuritiesAcquiredDuringPeriodCashFlowsExpectedToBeCollectedAtAcquisition_lbl" xml:lang="en-US" id="id_8104553_2024261_1_1"> Certain Loans Acquired in Transfer Accounted for as Debt Securities, Acquired During Period, Cash Flows Expected to be Collected at Acquisition </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CertainLoansAcquiredInTransferAccountedForAsDebtSecuritiesAcquiredDuringPeriodCashFlowsExpectedToBeCollectedAtAcquisition_lbl" xml:lang="en-US" id="id_8104553_2024261_2_1"> Expected cash flows at the time of acquisition </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CertainLoansAcquiredInTransferAccountedForAsDebtSecuritiesAcquiredDuringPeriodCashFlowsExpectedToBeCollectedAtAcquisition" xlink:to="us-gaap_CertainLoansAcquiredInTransferAccountedForAsDebtSecuritiesAcquiredDuringPeriodCashFlowsExpectedToBeCollectedAtAcquisition_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CertainLoansAcquiredInTransferAccountedForAsDebtSecuritiesAcquiredDuringPeriodContractuallyRequiredPaymentsReceivableAtAcquisition" xlink:label="us-gaap_CertainLoansAcquiredInTransferAccountedForAsDebtSecuritiesAcquiredDuringPeriodContractuallyRequiredPaymentsReceivableAtAcquisition"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CertainLoansAcquiredInTransferAccountedForAsDebtSecuritiesAcquiredDuringPeriodContractuallyRequiredPaymentsReceivableAtAcquisition_lbl" xml:lang="en-US" id="id_8104553_2022102_1_1"> Certain Loans Acquired in Transfer Accounted for as Debt Securities, Acquired During Period, Contractually Required Payments Receivable at Acquisition </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CertainLoansAcquiredInTransferAccountedForAsDebtSecuritiesAcquiredDuringPeriodContractuallyRequiredPaymentsReceivableAtAcquisition_lbl" xml:lang="en-US" id="id_8104553_2022102_2_1"> Contractually required cash flows at the time of acquisition </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CertainLoansAcquiredInTransferAccountedForAsDebtSecuritiesAcquiredDuringPeriodContractuallyRequiredPaymentsReceivableAtAcquisition" xlink:to="us-gaap_CertainLoansAcquiredInTransferAccountedForAsDebtSecuritiesAcquiredDuringPeriodContractuallyRequiredPaymentsReceivableAtAcquisition_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesCarryingAmountNet" xlink:label="us-gaap_CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesCarryingAmountNet"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesCarryingAmountNet_lbl" xml:lang="en-US" id="id_8104553_2023180_1_1"> Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Carrying Amount, Net </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesCarryingAmountNet_lbl" xml:lang="en-US" id="id_8104553_2023180_2_1"> Loans receivable </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesCarryingAmountNet" xlink:to="us-gaap_CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesCarryingAmountNet_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesOutstandingPrincipalBalance" xlink:label="gs_CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesOutstandingPrincipalBalance"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesOutstandingPrincipalBalance_lbl" xml:lang="en-US" id="id_8104553_2367983_3_1"> The undiscounted sum of the principal balance owed to the investor at the reporting date whether or not currently due and whether or not any such amounts have been written or charged off by the investor. This relates to loans not accounted for as debt securities, with evidence of deterioration of credit quality since origination that were acquired by completion of a transfer for which it is probable, at acquisition, that the investor will be unable to collect all contractually required payments receivable. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesOutstandingPrincipalBalance_lbl" xml:lang="en-US" id="id_8104553_2367983_1_1"> Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Outstanding Principal Balance </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesOutstandingPrincipalBalance_lbl" xml:lang="en-US" id="id_8104553_2367983_2_1"> Outstanding principal balance </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesOutstandingPrincipalBalance" xlink:to="gs_CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesOutstandingPrincipalBalance_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_Cet1" xlink:label="gs_Cet1"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_Cet1_lbl" xml:lang="en-US" id="id_8104553_2083085_3_1"> Common Equity Tier 1 (CET1) as defined in the regulations. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_Cet1_lbl" xml:lang="en-US" id="id_8104553_2083085_1_1"> CET1 </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="gs_Cet1_lbl" xml:lang="en-US" id="id_8104553_2083085_4_1"> Common Equity Tier 1, Ending balance </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="gs_Cet1_lbl" xml:lang="en-US" id="id_8104553_2083085_5_1"> Common Equity Tier 1, Beginning balance </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_Cet1_lbl" xml:lang="en-US" id="id_8104553_2083085_2_1"> Common Equity Tier 1 </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="gs_Cet1_lbl" xml:lang="en-US" id="id_8104553_2083085_6_1"> Total Common Equity Tier 1 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_Cet1" xlink:to="gs_Cet1_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_CET1CapitalRequiredToBeWellCapitalizedToRiskWeightedAssets" xlink:label="gs_CET1CapitalRequiredToBeWellCapitalizedToRiskWeightedAssets"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_CET1CapitalRequiredToBeWellCapitalizedToRiskWeightedAssets_lbl" xml:lang="en-US" id="id_8104553_2338966_3_1"> The CET1 ratio (CET1 divided by risk weighted assets) required to be categorized as "well capitalized" under the regulatory framework for prompt corrective action. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_CET1CapitalRequiredToBeWellCapitalizedToRiskWeightedAssets_lbl" xml:lang="en-US" id="id_8104553_2338966_1_1"> CET1 Capital Required To Be Well Capitalized To Risk Weighted Assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_CET1CapitalRequiredToBeWellCapitalizedToRiskWeightedAssets_lbl" xml:lang="en-US" id="id_8104553_2338966_2_1"> Well-capitalized minimum CET1 ratio </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_CET1CapitalRequiredToBeWellCapitalizedToRiskWeightedAssets" xlink:to="gs_CET1CapitalRequiredToBeWellCapitalizedToRiskWeightedAssets_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_Cet1IncreasedDeductionsDueToTransitionalProvisions" xlink:label="gs_Cet1IncreasedDeductionsDueToTransitionalProvisions"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_Cet1IncreasedDeductionsDueToTransitionalProvisions_lbl" xml:lang="en-US" id="id_8104553_2385186_3_1"> CET 1 increased deductions due to transitional provisions. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_Cet1IncreasedDeductionsDueToTransitionalProvisions_lbl" xml:lang="en-US" id="id_8104553_2385186_1_1"> CET1 Increased Deductions Due to Transitional Provisions </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="gs_Cet1IncreasedDeductionsDueToTransitionalProvisions_lbl" xml:lang="en-US" id="id_8104553_2385186_14_1"> Change in deductions for transitional provisions </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_Cet1IncreasedDeductionsDueToTransitionalProvisions" xlink:to="gs_Cet1IncreasedDeductionsDueToTransitionalProvisions_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_ChangeInAllowanceForLossesOnLoansAndLendingCommitments" xlink:label="gs_ChangeInAllowanceForLossesOnLoansAndLendingCommitments"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_ChangeInAllowanceForLossesOnLoansAndLendingCommitments_lbl" xml:lang="en-US" id="id_8104553_2367205_3_1"> Change in allowance for losses on loans and lending commitments included in Standardized and Basel III Advanced Capital Rules. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_ChangeInAllowanceForLossesOnLoansAndLendingCommitments_lbl" xml:lang="en-US" id="id_8104553_2367205_1_1"> Change In Allowance For Losses On Loans And Lending Commitments </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="gs_ChangeInAllowanceForLossesOnLoansAndLendingCommitments_lbl" xml:lang="en-US" id="id_8104553_2367205_14_1"> Change in the allowance for losses on loans and lending commitments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_ChangeInAllowanceForLossesOnLoansAndLendingCommitments" xlink:to="gs_ChangeInAllowanceForLossesOnLoansAndLendingCommitments_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_ChangeInCashSecuritiesSegregatedRegulatoryOtherPurposes" xlink:label="gs_ChangeInCashSecuritiesSegregatedRegulatoryOtherPurposes"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_ChangeInCashSecuritiesSegregatedRegulatoryOtherPurposes_lbl" xml:lang="en-US" id="id_8104553_2163433_3_1"> The net change in cash and securities segregated for regulatory and other purposes. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_ChangeInCashSecuritiesSegregatedRegulatoryOtherPurposes_lbl" xml:lang="en-US" id="id_8104553_2163433_1_1"> Change In Cash Securities Segregated Regulatory Other Purposes </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="gs_ChangeInCashSecuritiesSegregatedRegulatoryOtherPurposes_lbl" xml:lang="en-US" id="id_8104553_2163433_14_1"> Cash and securities segregated for regulatory and other purposes </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_ChangeInCashSecuritiesSegregatedRegulatoryOtherPurposes" xlink:to="gs_ChangeInCashSecuritiesSegregatedRegulatoryOtherPurposes_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_ChangeInCommonShareholdersEquity" xlink:label="gs_ChangeInCommonShareholdersEquity"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_ChangeInCommonShareholdersEquity_lbl" xml:lang="en-US" id="id_8104553_2079805_3_1"> Change in common shareholders' equity. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_ChangeInCommonShareholdersEquity_lbl" xml:lang="en-US" id="id_8104553_2079805_1_1"> Change In Common Shareholders Equity </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_ChangeInCommonShareholdersEquity_lbl" xml:lang="en-US" id="id_8104553_2079805_2_1"> Change in common shareholders' equity </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_ChangeInCommonShareholdersEquity" xlink:to="gs_ChangeInCommonShareholdersEquity_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_ChangeInCreditRwas" xlink:label="gs_ChangeInCreditRwas"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_ChangeInCreditRwas_lbl" xml:lang="en-US" id="id_8104553_2049069_3_1"> Change in credit risk-weighted assets. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_ChangeInCreditRwas_lbl" xml:lang="en-US" id="id_8104553_2049069_1_1"> Change In Credit RWAS </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_ChangeInCreditRwas_lbl" xml:lang="en-US" id="id_8104553_2049069_2_1"> Change in Credit RWAs </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_ChangeInCreditRwas" xlink:to="gs_ChangeInCreditRwas_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_ChangeInDeductionForGoodwillAndIdentifiableIntangibleAssetsNetOfDeferredTaxLiabilities" xlink:label="gs_ChangeInDeductionForGoodwillAndIdentifiableIntangibleAssetsNetOfDeferredTaxLiabilities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_ChangeInDeductionForGoodwillAndIdentifiableIntangibleAssetsNetOfDeferredTaxLiabilities_lbl" xml:lang="en-US" id="id_8104553_2109002_3_1"> Change in deduction for goodwill and identifiable intangible assets, net of deferred tax liabilities. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_ChangeInDeductionForGoodwillAndIdentifiableIntangibleAssetsNetOfDeferredTaxLiabilities_lbl" xml:lang="en-US" id="id_8104553_2109002_1_1"> Change In Deduction For Goodwill And Identifiable Intangible Assets Net Of Deferred Tax Liabilities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="gs_ChangeInDeductionForGoodwillAndIdentifiableIntangibleAssetsNetOfDeferredTaxLiabilities_lbl" xml:lang="en-US" id="id_8104553_2109002_14_1"> Change in deductions for goodwill and identifiable intangible assets, net of deferred tax liabilities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_ChangeInDeductionForGoodwillAndIdentifiableIntangibleAssetsNetOfDeferredTaxLiabilities" xlink:to="gs_ChangeInDeductionForGoodwillAndIdentifiableIntangibleAssetsNetOfDeferredTaxLiabilities_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_ChangeInDeductionsForInvestmentsInNonconsolidatedFinancialInstitutions" xlink:label="gs_ChangeInDeductionsForInvestmentsInNonconsolidatedFinancialInstitutions"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_ChangeInDeductionsForInvestmentsInNonconsolidatedFinancialInstitutions_lbl" xml:lang="en-US" id="id_8104553_2288801_3_1"> Change in deductions for investments in nonconsolidated financial institutions. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_ChangeInDeductionsForInvestmentsInNonconsolidatedFinancialInstitutions_lbl" xml:lang="en-US" id="id_8104553_2288801_1_1"> Change In Deductions For Investments In Nonconsolidated Financial Institutions </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="gs_ChangeInDeductionsForInvestmentsInNonconsolidatedFinancialInstitutions_lbl" xml:lang="en-US" id="id_8104553_2288801_14_1"> Change in deductions for investments in nonconsolidated financial institutions </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_ChangeInDeductionsForInvestmentsInNonconsolidatedFinancialInstitutions" xlink:to="gs_ChangeInDeductionsForInvestmentsInNonconsolidatedFinancialInstitutions_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_ChangeInMarketRwas" xlink:label="gs_ChangeInMarketRwas"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_ChangeInMarketRwas_lbl" xml:lang="en-US" id="id_8104553_2334525_3_1"> Change in market risk-weighted assets. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_ChangeInMarketRwas_lbl" xml:lang="en-US" id="id_8104553_2334525_1_1"> Change In Market RWAs </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_ChangeInMarketRwas_lbl" xml:lang="en-US" id="id_8104553_2334525_2_1"> Change in Market RWAs </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_ChangeInMarketRwas" xlink:to="gs_ChangeInMarketRwas_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_ChangeInOperationalRWAs" xlink:label="gs_ChangeInOperationalRWAs"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_ChangeInOperationalRWAs_lbl" xml:lang="en-US" id="id_8104553_2309756_3_1"> Change in operational risk-weighted assets. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_ChangeInOperationalRWAs_lbl" xml:lang="en-US" id="id_8104553_2309756_1_1"> Change In Operational RWAs </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_ChangeInOperationalRWAs_lbl" xml:lang="en-US" id="id_8104553_2309756_2_1"> Change in operational risk </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="gs_ChangeInOperationalRWAs_lbl" xml:lang="en-US" id="id_8104553_2309756_12_1"> Change in Operational RWAs </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_ChangeInOperationalRWAs" xlink:to="gs_ChangeInOperationalRWAs_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_ChangeInQualifyingSubordinatedDebt" xlink:label="gs_ChangeInQualifyingSubordinatedDebt"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_ChangeInQualifyingSubordinatedDebt_lbl" xml:lang="en-US" id="id_8104553_2190926_3_1"> Change in qualifying subordinated debt. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_ChangeInQualifyingSubordinatedDebt_lbl" xml:lang="en-US" id="id_8104553_2190926_1_1"> Change In Qualifying Subordinated Debt </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="gs_ChangeInQualifyingSubordinatedDebt_lbl" xml:lang="en-US" id="id_8104553_2190926_14_1"> Change in qualifying subordinated debt </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_ChangeInQualifyingSubordinatedDebt" xlink:to="gs_ChangeInQualifyingSubordinatedDebt_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ChangeInUnrealizedGainLossOnHedgedItemInFairValueHedge1" xlink:label="us-gaap_ChangeInUnrealizedGainLossOnHedgedItemInFairValueHedge1"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ChangeInUnrealizedGainLossOnHedgedItemInFairValueHedge1_lbl" xml:lang="en-US" id="id_8104553_2025127_1_1"> Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ChangeInUnrealizedGainLossOnHedgedItemInFairValueHedge1_lbl" xml:lang="en-US" id="id_8104553_2025127_2_1"> Gain (Loss) Recognized On Hedged Borrowings and Deposits </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ChangeInUnrealizedGainLossOnHedgedItemInFairValueHedge1" xlink:to="us-gaap_ChangeInUnrealizedGainLossOnHedgedItemInFairValueHedge1_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_ChangesInDeductionsForInvestmentsInCoveredFunds" xlink:label="gs_ChangesInDeductionsForInvestmentsInCoveredFunds"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_ChangesInDeductionsForInvestmentsInCoveredFunds_lbl" xml:lang="en-US" id="id_8104553_2163690_3_1"> Changes in deductions for investments in covered funds. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_ChangesInDeductionsForInvestmentsInCoveredFunds_lbl" xml:lang="en-US" id="id_8104553_2163690_1_1"> Changes In Deductions For Investments In Covered Funds </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_ChangesInDeductionsForInvestmentsInCoveredFunds_lbl" xml:lang="en-US" id="id_8104553_2163690_2_1"> Change in deductions for investments in covered funds </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_ChangesInDeductionsForInvestmentsInCoveredFunds" xlink:to="gs_ChangesInDeductionsForInvestmentsInCoveredFunds_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_ChangesInOtherAdjustmentsToCet1" xlink:label="gs_ChangesInOtherAdjustmentsToCet1"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_ChangesInOtherAdjustmentsToCet1_lbl" xml:lang="en-US" id="id_8104553_2142624_3_1"> Changes in other adjustments to CET1. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_ChangesInOtherAdjustmentsToCet1_lbl" xml:lang="en-US" id="id_8104553_2142624_1_1"> Changes In Other Adjustments to CET1 </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="gs_ChangesInOtherAdjustmentsToCet1_lbl" xml:lang="en-US" id="id_8104553_2142624_14_1"> Change in other adjustments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_ChangesInOtherAdjustmentsToCet1" xlink:to="gs_ChangesInOtherAdjustmentsToCet1_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_ChangesInOtherAdjustmentsTotier1Capital" xlink:label="gs_ChangesInOtherAdjustmentsTotier1Capital"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_ChangesInOtherAdjustmentsTotier1Capital_lbl" xml:lang="en-US" id="id_8104553_2221390_3_1"> Changes in other adjustments to Tier 1 capital. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_ChangesInOtherAdjustmentsTotier1Capital_lbl" xml:lang="en-US" id="id_8104553_2221390_1_1"> Changes In Other Adjustments toTier1 Capital </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_ChangesInOtherAdjustmentsTotier1Capital_lbl" xml:lang="en-US" id="id_8104553_2221390_2_1"> Change in other adjustments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_ChangesInOtherAdjustmentsTotier1Capital" xlink:to="gs_ChangesInOtherAdjustmentsTotier1Capital_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_ChangesInOtherAdjustmentsToTier2Capital" xlink:label="gs_ChangesInOtherAdjustmentsToTier2Capital"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_ChangesInOtherAdjustmentsToTier2Capital_lbl" xml:lang="en-US" id="id_8104553_2374863_3_1"> Changes in other adjustments to Tier 2 capital. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_ChangesInOtherAdjustmentsToTier2Capital_lbl" xml:lang="en-US" id="id_8104553_2374863_1_1"> Changes In Other Adjustments to Tier2 Capital </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_ChangesInOtherAdjustmentsToTier2Capital_lbl" xml:lang="en-US" id="id_8104553_2374863_2_1"> Change in other adjustments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_ChangesInOtherAdjustmentsToTier2Capital" xlink:to="gs_ChangesInOtherAdjustmentsToTier2Capital_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_CharitableContributions" xlink:label="gs_CharitableContributions"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_CharitableContributions_lbl" xml:lang="en-US" id="id_8104553_2068142_3_1"> Charitable Contributions. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_CharitableContributions_lbl" xml:lang="en-US" id="id_8104553_2068142_1_1"> Charitable Contributions </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_CharitableContributions_lbl" xml:lang="en-US" id="id_8104553_2068142_2_1"> Charitable contributions included in operating expenses </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_CharitableContributions" xlink:to="gs_CharitableContributions_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_ClassDUnitsMember" xlink:label="gs_ClassDUnitsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_ClassDUnitsMember_lbl" xml:lang="en-US" id="id_8104553_2229565_3_1"> Class D Units [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_ClassDUnitsMember_lbl" xml:lang="en-US" id="id_8104553_2229565_1_1"> Class D Units [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_ClassDUnitsMember_lbl" xml:lang="en-US" id="id_8104553_2229565_2_1"> Class D Units [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_ClassDUnitsMember" xlink:to="gs_ClassDUnitsMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ClassificationOfVariableInterestEntityDomain" xlink:label="us-gaap_ClassificationOfVariableInterestEntityDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ClassificationOfVariableInterestEntityDomain_lbl" xml:lang="en-US" id="id_8104553_2023840_1_1"> Variable Interest Entity, Classification [Domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ClassificationOfVariableInterestEntityDomain_lbl" xml:lang="en-US" id="id_8104553_2023840_2_1"> Variable Interest Entity, Classification [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ClassificationOfVariableInterestEntityDomain" xlink:to="us-gaap_ClassificationOfVariableInterestEntityDomain_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ClassOfStockDomain" xlink:label="us-gaap_ClassOfStockDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ClassOfStockDomain_lbl" xml:lang="en-US" id="id_8104553_2027969_1_1"> Class of Stock [Domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ClassOfStockDomain_lbl" xml:lang="en-US" id="id_8104553_2027969_2_1"> Class of Stock [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ClassOfStockDomain" xlink:to="us-gaap_ClassOfStockDomain_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ClassOfStockLineItems" xlink:label="us-gaap_ClassOfStockLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ClassOfStockLineItems_lbl" xml:lang="en-US" id="id_8104553_2035316_1_1"> Class of Stock [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ClassOfStockLineItems_lbl" xml:lang="en-US" id="id_8104553_2035316_2_1"> Class of Stock [Line Items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ClassOfStockLineItems" xlink:to="us-gaap_ClassOfStockLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_CobaltInternationalEnergySecuritiesLitigationMember" xlink:label="gs_CobaltInternationalEnergySecuritiesLitigationMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_CobaltInternationalEnergySecuritiesLitigationMember_lbl" xml:lang="en-US" id="id_8104553_2116412_3_1"> Cobalt International Energy Securities Litigation [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_CobaltInternationalEnergySecuritiesLitigationMember_lbl" xml:lang="en-US" id="id_8104553_2116412_1_1"> Cobalt International Energy Securities Litigation [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_CobaltInternationalEnergySecuritiesLitigationMember_lbl" xml:lang="en-US" id="id_8104553_2116412_2_1"> Cobalt International Energy Securities Litigation [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_CobaltInternationalEnergySecuritiesLitigationMember" xlink:to="gs_CobaltInternationalEnergySecuritiesLitigationMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CollateralAlreadyPostedAggregateFairValue" xlink:label="us-gaap_CollateralAlreadyPostedAggregateFairValue"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CollateralAlreadyPostedAggregateFairValue_lbl" xml:lang="en-US" id="id_8104553_2021891_1_1"> Collateral Already Posted, Aggregate Fair Value </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CollateralAlreadyPostedAggregateFairValue_lbl" xml:lang="en-US" id="id_8104553_2021891_2_1"> Aggregate fair value of assets as a collateral for derivative contracts </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CollateralAlreadyPostedAggregateFairValue" xlink:to="us-gaap_CollateralAlreadyPostedAggregateFairValue_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_CollateralHeldByLendersInConnectionWithSecuritiesLendingIndemnifications" xlink:label="gs_CollateralHeldByLendersInConnectionWithSecuritiesLendingIndemnifications"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_CollateralHeldByLendersInConnectionWithSecuritiesLendingIndemnifications_lbl" xml:lang="en-US" id="id_8104553_2273152_3_1"> Collateral held by lenders in connection with securities lending indemnifications. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_CollateralHeldByLendersInConnectionWithSecuritiesLendingIndemnifications_lbl" xml:lang="en-US" id="id_8104553_2273152_1_1"> Collateral Held By Lenders In Connection With Securities Lending Indemnifications </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_CollateralHeldByLendersInConnectionWithSecuritiesLendingIndemnifications_lbl" xml:lang="en-US" id="id_8104553_2273152_2_1"> Collateral held by lenders in connection with securities lending indemnifications </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_CollateralHeldByLendersInConnectionWithSecuritiesLendingIndemnifications" xlink:to="gs_CollateralHeldByLendersInConnectionWithSecuritiesLendingIndemnifications_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CollateralizedAgreementsAbstract" xlink:label="us-gaap_CollateralizedAgreementsAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CollateralizedAgreementsAbstract_lbl" xml:lang="en-US" id="id_8104553_2023848_1_1"> Collateralized Agreements [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CollateralizedAgreementsAbstract_lbl" xml:lang="en-US" id="id_8104553_2023848_2_1"> Collateralized agreements: </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CollateralizedAgreementsAbstract" xlink:to="us-gaap_CollateralizedAgreementsAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_CollateralizedAgreementsAndFinancingsAbstract" xlink:label="gs_CollateralizedAgreementsAndFinancingsAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_CollateralizedAgreementsAndFinancingsAbstract_lbl" xml:lang="en-US" id="id_8104553_2203589_3_1"> Collateralized agreements and financings. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_CollateralizedAgreementsAndFinancingsAbstract_lbl" xml:lang="en-US" id="id_8104553_2203589_1_1"> Collateralized Agreements And Financings [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_CollateralizedAgreementsAndFinancingsAbstract_lbl" xml:lang="en-US" id="id_8104553_2203589_2_1"> Collateralized Agreements And Financings [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_CollateralizedAgreementsAndFinancingsAbstract" xlink:to="gs_CollateralizedAgreementsAndFinancingsAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_CollateralizedAgreementsAndFinancingsPolicyTextBlock" xlink:label="gs_CollateralizedAgreementsAndFinancingsPolicyTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_CollateralizedAgreementsAndFinancingsPolicyTextBlock_lbl" xml:lang="en-US" id="id_8104553_2077128_3_1"> Provides the accounting policy for collateralized agreements and financings, which consists of resale and repurchase agreements, securities borrowed and loaned and other secured financings. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_CollateralizedAgreementsAndFinancingsPolicyTextBlock_lbl" xml:lang="en-US" id="id_8104553_2077128_1_1"> Collateralized Agreements And Financings [Policy Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_CollateralizedAgreementsAndFinancingsPolicyTextBlock_lbl" xml:lang="en-US" id="id_8104553_2077128_2_1"> Collateralized Agreements and Financings, Policy </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_CollateralizedAgreementsAndFinancingsPolicyTextBlock" xlink:to="gs_CollateralizedAgreementsAndFinancingsPolicyTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_CollateralizedAgreementsAndFinancingsTextBlock" xlink:label="gs_CollateralizedAgreementsAndFinancingsTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_CollateralizedAgreementsAndFinancingsTextBlock_lbl" xml:lang="en-US" id="id_8104553_2265841_3_1"> Represents collateralized agreements and financings. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_CollateralizedAgreementsAndFinancingsTextBlock_lbl" xml:lang="en-US" id="id_8104553_2265841_1_1"> Collateralized Agreements And Financings [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_CollateralizedAgreementsAndFinancingsTextBlock_lbl" xml:lang="en-US" id="id_8104553_2265841_2_1"> Collateralized Agreements and Financings </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_CollateralizedAgreementsAndFinancingsTextBlock" xlink:to="gs_CollateralizedAgreementsAndFinancingsTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CollateralizedFinancingsAbstract" xlink:label="us-gaap_CollateralizedFinancingsAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CollateralizedFinancingsAbstract_lbl" xml:lang="en-US" id="id_8104553_2022743_1_1"> Collateralized Financings [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CollateralizedFinancingsAbstract_lbl" xml:lang="en-US" id="id_8104553_2022743_2_1"> Collateralized financings: </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CollateralizedFinancingsAbstract" xlink:to="us-gaap_CollateralizedFinancingsAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CommercialMortgageBackedSecuritiesMember" xlink:label="us-gaap_CommercialMortgageBackedSecuritiesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommercialMortgageBackedSecuritiesMember_lbl" xml:lang="en-US" id="id_8104553_2026647_1_1"> Commercial Mortgage Backed Securities [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CommercialMortgageBackedSecuritiesMember_lbl" xml:lang="en-US" id="id_8104553_2026647_2_1"> Other Commercial Mortgage-backed [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommercialMortgageBackedSecuritiesMember" xlink:to="us-gaap_CommercialMortgageBackedSecuritiesMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CommercialPaper" xlink:label="us-gaap_CommercialPaper"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommercialPaper_lbl" xml:lang="en-US" id="id_8104553_2026648_1_1"> Commercial Paper </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CommercialPaper_lbl" xml:lang="en-US" id="id_8104553_2026648_2_1"> Commercial paper </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommercialPaper" xlink:to="us-gaap_CommercialPaper_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_CommercialPaperCertificatesOfDepositTimeDepositsAndOtherMoneyMarketInstrumentsCorporateDebtSecuritiesStateAndMunicipalForeignGovernmentDebtSecuritiesOtherDebtSecuritiesMember" xlink:label="gs_CommercialPaperCertificatesOfDepositTimeDepositsAndOtherMoneyMarketInstrumentsCorporateDebtSecuritiesStateAndMunicipalForeignGovernmentDebtSecuritiesOtherDebtSecuritiesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_CommercialPaperCertificatesOfDepositTimeDepositsAndOtherMoneyMarketInstrumentsCorporateDebtSecuritiesStateAndMunicipalForeignGovernmentDebtSecuritiesOtherDebtSecuritiesMember_lbl" xml:lang="en-US" id="id_8104553_2258073_3_1"> Corporate Debt Securities State And Municipal Foreign Government Debt Securities Other Debt Securities[Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_CommercialPaperCertificatesOfDepositTimeDepositsAndOtherMoneyMarketInstrumentsCorporateDebtSecuritiesStateAndMunicipalForeignGovernmentDebtSecuritiesOtherDebtSecuritiesMember_lbl" xml:lang="en-US" id="id_8104553_2258073_1_1"> Commercial Paper Certificates Of Deposit Time Deposits And Other Money Market Instruments Corporate Debt Securities State And Municipal Foreign Government Debt Securities Other Debt Securities [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_CommercialPaperCertificatesOfDepositTimeDepositsAndOtherMoneyMarketInstrumentsCorporateDebtSecuritiesStateAndMunicipalForeignGovernmentDebtSecuritiesOtherDebtSecuritiesMember_lbl" xml:lang="en-US" id="id_8104553_2258073_2_1"> Commercial Paper Certificates of Deposit Time Deposits and Other Money Market Instruments Corporate Debt Securities State and Municipal Foreign Government Debt Securities Other Debt Securities [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_CommercialPaperCertificatesOfDepositTimeDepositsAndOtherMoneyMarketInstrumentsCorporateDebtSecuritiesStateAndMunicipalForeignGovernmentDebtSecuritiesOtherDebtSecuritiesMember" xlink:to="gs_CommercialPaperCertificatesOfDepositTimeDepositsAndOtherMoneyMarketInstrumentsCorporateDebtSecuritiesStateAndMunicipalForeignGovernmentDebtSecuritiesOtherDebtSecuritiesMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_CommercialPaperCertificatesOfDepositTimeDepositsAndOtherMoneyMarketInstrumentsMember" xlink:label="gs_CommercialPaperCertificatesOfDepositTimeDepositsAndOtherMoneyMarketInstrumentsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_CommercialPaperCertificatesOfDepositTimeDepositsAndOtherMoneyMarketInstrumentsMember_lbl" xml:lang="en-US" id="id_8104553_2234835_3_1"> Commercial paper, certificates of deposit, time deposits and other money market instruments. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_CommercialPaperCertificatesOfDepositTimeDepositsAndOtherMoneyMarketInstrumentsMember_lbl" xml:lang="en-US" id="id_8104553_2234835_1_1"> Commercial Paper Certificates Of Deposit Time Deposits And Other Money Market Instruments [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_CommercialPaperCertificatesOfDepositTimeDepositsAndOtherMoneyMarketInstrumentsMember_lbl" xml:lang="en-US" id="id_8104553_2234835_2_1"> Commercial Paper, Certificates of Deposit, Time Deposits and Other Money Market Instruments [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_CommercialPaperCertificatesOfDepositTimeDepositsAndOtherMoneyMarketInstrumentsMember" xlink:to="gs_CommercialPaperCertificatesOfDepositTimeDepositsAndOtherMoneyMarketInstrumentsMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_CommitmentLiabilitiesLineItems" xlink:label="gs_CommitmentLiabilitiesLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_CommitmentLiabilitiesLineItems_lbl" xml:lang="en-US" id="id_8104553_2093621_3_1"> Commitment Liabilities [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_CommitmentLiabilitiesLineItems_lbl" xml:lang="en-US" id="id_8104553_2093621_1_1"> Commitment Liabilities [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_CommitmentLiabilitiesLineItems_lbl" xml:lang="en-US" id="id_8104553_2093621_2_1"> Commitment Liabilities [Line Items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_CommitmentLiabilitiesLineItems" xlink:to="gs_CommitmentLiabilitiesLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_CommitmentLiabilitiesTable" xlink:label="gs_CommitmentLiabilitiesTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_CommitmentLiabilitiesTable_lbl" xml:lang="en-US" id="id_8104553_2333877_3_1"> Commitment Liabilities [Table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_CommitmentLiabilitiesTable_lbl" xml:lang="en-US" id="id_8104553_2333877_1_1"> Commitment Liabilities [Table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_CommitmentLiabilitiesTable_lbl" xml:lang="en-US" id="id_8104553_2333877_2_1"> Commitment Liabilities [Table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_CommitmentLiabilitiesTable" xlink:to="gs_CommitmentLiabilitiesTable_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_Commitments" xlink:label="gs_Commitments"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_Commitments_lbl" xml:lang="en-US" id="id_8104553_2180160_3_1"> Total amount of legally binding commitments. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_Commitments_lbl" xml:lang="en-US" id="id_8104553_2180160_1_1"> Commitments </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="gs_Commitments_lbl" xml:lang="en-US" id="id_8104553_2180160_6_1"> Total commitments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_Commitments" xlink:to="gs_Commitments_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:label="us-gaap_CommitmentsAndContingenciesDisclosureAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommitmentsAndContingenciesDisclosureAbstract_lbl" xml:lang="en-US" id="id_8104553_2026024_1_1"> Commitments and Contingencies Disclosure [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CommitmentsAndContingenciesDisclosureAbstract_lbl" xml:lang="en-US" id="id_8104553_2026024_2_1"> Commitments and Contingencies Disclosure [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:to="us-gaap_CommitmentsAndContingenciesDisclosureAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_CommitmentsAndGuaranteesMaximumExposureToLossMember" xlink:label="gs_CommitmentsAndGuaranteesMaximumExposureToLossMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_CommitmentsAndGuaranteesMaximumExposureToLossMember_lbl" xml:lang="en-US" id="id_8104553_2186367_3_1"> Commitments and guarantees, maximum exposure to loss. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_CommitmentsAndGuaranteesMaximumExposureToLossMember_lbl" xml:lang="en-US" id="id_8104553_2186367_1_1"> Commitments And Guarantees Maximum Exposure To Loss [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_CommitmentsAndGuaranteesMaximumExposureToLossMember_lbl" xml:lang="en-US" id="id_8104553_2186367_2_1"> Commitments and Guarantees, Maximum Exposure to Loss [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_CommitmentsAndGuaranteesMaximumExposureToLossMember" xlink:to="gs_CommitmentsAndGuaranteesMaximumExposureToLossMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_CommitmentsContingenciesAndGuarantees" xlink:label="gs_CommitmentsContingenciesAndGuarantees"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_CommitmentsContingenciesAndGuarantees_lbl" xml:lang="en-US" id="id_8104553_2178084_3_1"> Represents the caption on the face of the balance sheet to indicate that the entity has entered into commitments, contingencies and guarantees. This caption alerts the reader that one or more notes to the financial statements disclose pertinent information about the entity's commitments, contingencies and guarantees. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_CommitmentsContingenciesAndGuarantees_lbl" xml:lang="en-US" id="id_8104553_2178084_1_1"> Commitments Contingencies And Guarantees </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_CommitmentsContingenciesAndGuarantees_lbl" xml:lang="en-US" id="id_8104553_2178084_2_1"> Commitments, contingencies and guarantees </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_CommitmentsContingenciesAndGuarantees" xlink:to="gs_CommitmentsContingenciesAndGuarantees_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CommitmentsContingenciesAndGuaranteesTextBlock" xlink:label="us-gaap_CommitmentsContingenciesAndGuaranteesTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommitmentsContingenciesAndGuaranteesTextBlock_lbl" xml:lang="en-US" id="id_8104553_2022747_1_1"> Commitments Contingencies and Guarantees [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CommitmentsContingenciesAndGuaranteesTextBlock_lbl" xml:lang="en-US" id="id_8104553_2022747_2_1"> Commitments, Contingencies and Guarantees </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommitmentsContingenciesAndGuaranteesTextBlock" xlink:to="us-gaap_CommitmentsContingenciesAndGuaranteesTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_CommitmentsGuaranteesAndLoansMember" xlink:label="gs_CommitmentsGuaranteesAndLoansMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_CommitmentsGuaranteesAndLoansMember_lbl" xml:lang="en-US" id="id_8104553_2251850_3_1"> Commitments guarantees and loans. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_CommitmentsGuaranteesAndLoansMember_lbl" xml:lang="en-US" id="id_8104553_2251850_1_1"> Commitments Guarantees And Loans [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_CommitmentsGuaranteesAndLoansMember_lbl" xml:lang="en-US" id="id_8104553_2251850_2_1"> Commitments Guarantees and Loans [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_CommitmentsGuaranteesAndLoansMember" xlink:to="gs_CommitmentsGuaranteesAndLoansMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_CommitmentsTableTextBlock" xlink:label="gs_CommitmentsTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_CommitmentsTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2264555_3_1"> Disclosure includes commitments, contingencies and guarantees. Commitments include commitments to extend credit, contingent and forward starting resale and securities borrowing agreements, forward starting repurchase and securities lending agreements, underwriting commitments, letters of credit, investment commitments and other purchase obligations. Contingencies disclosures include legal and insurance-related contingencies. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_CommitmentsTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2264555_1_1"> Commitments Table [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_CommitmentsTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2264555_2_1"> Commitments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_CommitmentsTableTextBlock" xlink:to="gs_CommitmentsTableTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_CommitmentsToExtendCreditPolicyTextBlock" xlink:label="gs_CommitmentsToExtendCreditPolicyTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_CommitmentsToExtendCreditPolicyTextBlock_lbl" xml:lang="en-US" id="id_8104553_2188755_3_1"> Describes an entity's accounting policy for commitments to extend credit. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_CommitmentsToExtendCreditPolicyTextBlock_lbl" xml:lang="en-US" id="id_8104553_2188755_1_1"> Commitments To Extend Credit [Policy Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_CommitmentsToExtendCreditPolicyTextBlock_lbl" xml:lang="en-US" id="id_8104553_2188755_2_1"> Commitments to Extend Credit, Policy </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_CommitmentsToExtendCreditPolicyTextBlock" xlink:to="gs_CommitmentsToExtendCreditPolicyTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_CommitmentsToInvestInFundsManagedByFirm" xlink:label="gs_CommitmentsToInvestInFundsManagedByFirm"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_CommitmentsToInvestInFundsManagedByFirm_lbl" xml:lang="en-US" id="id_8104553_2287826_3_1"> Commitments to invest in funds managed by the firm. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_CommitmentsToInvestInFundsManagedByFirm_lbl" xml:lang="en-US" id="id_8104553_2287826_1_1"> Commitments To Invest In Funds Managed By Firm </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_CommitmentsToInvestInFundsManagedByFirm_lbl" xml:lang="en-US" id="id_8104553_2287826_2_1"> Commitments to invest in funds managed by the firm </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_CommitmentsToInvestInFundsManagedByFirm" xlink:to="gs_CommitmentsToInvestInFundsManagedByFirm_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CommoditiesInvestmentMember" xlink:label="us-gaap_CommoditiesInvestmentMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommoditiesInvestmentMember_lbl" xml:lang="en-US" id="id_8104553_2026426_1_1"> Commodities Investment [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CommoditiesInvestmentMember_lbl" xml:lang="en-US" id="id_8104553_2026426_2_1"> Commodities [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommoditiesInvestmentMember" xlink:to="us-gaap_CommoditiesInvestmentMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_CommoditiesRelatedIntangiblesMember" xlink:label="gs_CommoditiesRelatedIntangiblesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_CommoditiesRelatedIntangiblesMember_lbl" xml:lang="en-US" id="id_8104553_2124302_3_1"> Commodities-related intangibles. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_CommoditiesRelatedIntangiblesMember_lbl" xml:lang="en-US" id="id_8104553_2124302_1_1"> Commodities Related Intangibles [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_CommoditiesRelatedIntangiblesMember_lbl" xml:lang="en-US" id="id_8104553_2124302_2_1"> Commodities-Related Intangibles [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_CommoditiesRelatedIntangiblesMember" xlink:to="gs_CommoditiesRelatedIntangiblesMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CommodityContractMember" xlink:label="us-gaap_CommodityContractMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommodityContractMember_lbl" xml:lang="en-US" id="id_8104553_2021668_1_1"> Commodity Contract [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CommodityContractMember_lbl" xml:lang="en-US" id="id_8104553_2021668_2_1"> Commodity Contract [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommodityContractMember" xlink:to="us-gaap_CommodityContractMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CommodityMember" xlink:label="us-gaap_CommodityMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommodityMember_lbl" xml:lang="en-US" id="id_8104553_2021892_1_1"> Commodity [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CommodityMember_lbl" xml:lang="en-US" id="id_8104553_2021892_2_1"> Commodities [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommodityMember" xlink:to="us-gaap_CommodityMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_CommonEquityTier1ToRiskWeightedAssets" xlink:label="gs_CommonEquityTier1ToRiskWeightedAssets"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_CommonEquityTier1ToRiskWeightedAssets_lbl" xml:lang="en-US" id="id_8104553_2074037_3_1"> Common equity Tier 1 (CET1) divided by risk weighted assets. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_CommonEquityTier1ToRiskWeightedAssets_lbl" xml:lang="en-US" id="id_8104553_2074037_1_1"> Common Equity Tier1 to Risk Weighted Assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_CommonEquityTier1ToRiskWeightedAssets_lbl" xml:lang="en-US" id="id_8104553_2074037_2_1"> CET1 ratio </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_CommonEquityTier1ToRiskWeightedAssets" xlink:to="gs_CommonEquityTier1ToRiskWeightedAssets_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_CommonShareholdersEquity" xlink:label="gs_CommonShareholdersEquity"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_CommonShareholdersEquity_lbl" xml:lang="en-US" id="id_8104553_2228824_3_1"> Common Shareholders Equity </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_CommonShareholdersEquity_lbl" xml:lang="en-US" id="id_8104553_2228824_1_1"> Common Shareholders Equity </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_CommonShareholdersEquity_lbl" xml:lang="en-US" id="id_8104553_2228824_2_1"> Common shareholders' equity </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_CommonShareholdersEquity" xlink:to="gs_CommonShareholdersEquity_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CommonStockDividendsPerShareDeclared" xlink:label="us-gaap_CommonStockDividendsPerShareDeclared"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockDividendsPerShareDeclared_lbl" xml:lang="en-US" id="id_8104553_2024488_1_1"> Common Stock, Dividends, Per Share, Declared </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CommonStockDividendsPerShareDeclared_lbl" xml:lang="en-US" id="id_8104553_2024488_2_1"> Dividends declared per common share </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockDividendsPerShareDeclared" xlink:to="us-gaap_CommonStockDividendsPerShareDeclared_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CommonStockMember" xlink:label="us-gaap_CommonStockMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockMember_lbl" xml:lang="en-US" id="id_8104553_2027302_1_1"> Common Stock [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CommonStockMember_lbl" xml:lang="en-US" id="id_8104553_2027302_2_1"> Common Stock [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockMember" xlink:to="us-gaap_CommonStockMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_CommonStockOfferingMember" xlink:label="gs_CommonStockOfferingMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_CommonStockOfferingMember_lbl" xml:lang="en-US" id="id_8104553_2357730_3_1"> Common Stock Offering [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_CommonStockOfferingMember_lbl" xml:lang="en-US" id="id_8104553_2357730_1_1"> Common Stock Offering [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_CommonStockOfferingMember_lbl" xml:lang="en-US" id="id_8104553_2357730_2_1"> Common Stock Offering [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_CommonStockOfferingMember" xlink:to="gs_CommonStockOfferingMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CommonStockParOrStatedValuePerShare" xlink:label="us-gaap_CommonStockParOrStatedValuePerShare"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockParOrStatedValuePerShare_lbl" xml:lang="en-US" id="id_8104553_2021893_1_1"> Common Stock, Par or Stated Value Per Share </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CommonStockParOrStatedValuePerShare_lbl" xml:lang="en-US" id="id_8104553_2021893_2_1"> Common stock, par value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockParOrStatedValuePerShare" xlink:to="us-gaap_CommonStockParOrStatedValuePerShare_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CommonStockSharesAuthorized" xlink:label="us-gaap_CommonStockSharesAuthorized"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockSharesAuthorized_lbl" xml:lang="en-US" id="id_8104553_2024271_1_1"> Common Stock, Shares Authorized </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CommonStockSharesAuthorized_lbl" xml:lang="en-US" id="id_8104553_2024271_2_1"> Common stock, shares authorized </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockSharesAuthorized" xlink:to="us-gaap_CommonStockSharesAuthorized_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CommonStockSharesIssued" xlink:label="us-gaap_CommonStockSharesIssued"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockSharesIssued_lbl" xml:lang="en-US" id="id_8104553_2022978_1_1"> Common Stock, Shares, Issued </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CommonStockSharesIssued_lbl" xml:lang="en-US" id="id_8104553_2022978_2_1"> Common stock, shares issued </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockSharesIssued" xlink:to="us-gaap_CommonStockSharesIssued_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CommonStockSharesOutstanding" xlink:label="us-gaap_CommonStockSharesOutstanding"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockSharesOutstanding_lbl" xml:lang="en-US" id="id_8104553_2022748_1_1"> Common Stock, Shares, Outstanding </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CommonStockSharesOutstanding_lbl" xml:lang="en-US" id="id_8104553_2022748_2_1"> Common stock, shares outstanding </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockSharesOutstanding" xlink:to="us-gaap_CommonStockSharesOutstanding_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CommonStockValue" xlink:label="us-gaap_CommonStockValue"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockValue_lbl" xml:lang="en-US" id="id_8104553_2025780_1_1"> Common Stock, Value, Issued </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CommonStockValue_lbl" xml:lang="en-US" id="id_8104553_2025780_2_1"> Common stock, par value $0.01 per share; 4,000,000,000 shares authorized, 872,612,590 and 863,976,731 shares issued as of September 2016 and December 2015, respectively, and 399,211,902 and 419,480,736 shares outstanding as of September 2016 and December 2015, respectively </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockValue" xlink:to="us-gaap_CommonStockValue_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CommunicationsAndInformationTechnology" xlink:label="us-gaap_CommunicationsAndInformationTechnology"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommunicationsAndInformationTechnology_lbl" xml:lang="en-US" id="id_8104553_2023185_1_1"> Communications and Information Technology </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CommunicationsAndInformationTechnology_lbl" xml:lang="en-US" id="id_8104553_2023185_2_1"> Communications and technology </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommunicationsAndInformationTechnology" xlink:to="us-gaap_CommunicationsAndInformationTechnology_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ComplianceWithRegulatoryCapitalRequirementsUnderBankingRegulationsLineItems" xlink:label="us-gaap_ComplianceWithRegulatoryCapitalRequirementsUnderBankingRegulationsLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ComplianceWithRegulatoryCapitalRequirementsUnderBankingRegulationsLineItems_lbl" xml:lang="en-US" id="id_8104553_2025558_1_1"> Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ComplianceWithRegulatoryCapitalRequirementsUnderBankingRegulationsLineItems_lbl" xml:lang="en-US" id="id_8104553_2025558_2_1"> Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ComplianceWithRegulatoryCapitalRequirementsUnderBankingRegulationsLineItems" xlink:to="us-gaap_ComplianceWithRegulatoryCapitalRequirementsUnderBankingRegulationsLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_ComponentsOfCreditRwasAxis" xlink:label="gs_ComponentsOfCreditRwasAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_ComponentsOfCreditRwasAxis_lbl" xml:lang="en-US" id="id_8104553_2336470_3_1"> Components of credit RWAs. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_ComponentsOfCreditRwasAxis_lbl" xml:lang="en-US" id="id_8104553_2336470_1_1"> Components of Credit RWAs [Axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_ComponentsOfCreditRwasAxis_lbl" xml:lang="en-US" id="id_8104553_2336470_2_1"> Components of Credit RWAs [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_ComponentsOfCreditRwasAxis" xlink:to="gs_ComponentsOfCreditRwasAxis_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_ComponentsOfCreditRwasDomain" xlink:label="gs_ComponentsOfCreditRwasDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_ComponentsOfCreditRwasDomain_lbl" xml:lang="en-US" id="id_8104553_2289102_3_1"> Component of credit RWAs. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_ComponentsOfCreditRwasDomain_lbl" xml:lang="en-US" id="id_8104553_2289102_1_1"> Components of Credit RWAs [Domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_ComponentsOfCreditRwasDomain_lbl" xml:lang="en-US" id="id_8104553_2289102_2_1"> Components of Credit RWAs [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_ComponentsOfCreditRwasDomain" xlink:to="gs_ComponentsOfCreditRwasDomain_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_ComponentsOfMarketRwasAxis" xlink:label="gs_ComponentsOfMarketRwasAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_ComponentsOfMarketRwasAxis_lbl" xml:lang="en-US" id="id_8104553_2273196_3_1"> Components of Market RWAs. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_ComponentsOfMarketRwasAxis_lbl" xml:lang="en-US" id="id_8104553_2273196_1_1"> Components Of Market RWAs [Axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_ComponentsOfMarketRwasAxis_lbl" xml:lang="en-US" id="id_8104553_2273196_2_1"> Components Of Market RWAs [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_ComponentsOfMarketRwasAxis" xlink:to="gs_ComponentsOfMarketRwasAxis_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_ComponentsOfMarketRwasDomain" xlink:label="gs_ComponentsOfMarketRwasDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_ComponentsOfMarketRwasDomain_lbl" xml:lang="en-US" id="id_8104553_2306522_3_1"> Components of Market RWAs [Domain]. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_ComponentsOfMarketRwasDomain_lbl" xml:lang="en-US" id="id_8104553_2306522_1_1"> Components of Market RWAs [Domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_ComponentsOfMarketRwasDomain_lbl" xml:lang="en-US" id="id_8104553_2306522_2_1"> Components of Market RWAs [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_ComponentsOfMarketRwasDomain" xlink:to="gs_ComponentsOfMarketRwasDomain_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTax" xlink:label="us-gaap_ComprehensiveIncomeNetOfTax"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ComprehensiveIncomeNetOfTax_lbl" xml:lang="en-US" id="id_8104553_2025782_1_1"> Comprehensive Income (Loss), Net of Tax, Attributable to Parent </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_ComprehensiveIncomeNetOfTax_lbl" xml:lang="en-US" id="id_8104553_2025782_6_1"> Comprehensive income </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ComprehensiveIncomeNetOfTax" xlink:to="us-gaap_ComprehensiveIncomeNetOfTax_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_ComprehensiveRiskMember" xlink:label="gs_ComprehensiveRiskMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_ComprehensiveRiskMember_lbl" xml:lang="en-US" id="id_8104553_2350379_3_1"> Comprehensive risk. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_ComprehensiveRiskMember_lbl" xml:lang="en-US" id="id_8104553_2350379_1_1"> Comprehensive Risk [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_ComprehensiveRiskMember_lbl" xml:lang="en-US" id="id_8104553_2350379_2_1"> Comprehensive Risk [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_ComprehensiveRiskMember" xlink:to="gs_ComprehensiveRiskMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ConcentrationRiskCreditRiskFinancialInstrumentMaximumExposure" xlink:label="us-gaap_ConcentrationRiskCreditRiskFinancialInstrumentMaximumExposure"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ConcentrationRiskCreditRiskFinancialInstrumentMaximumExposure_lbl" xml:lang="en-US" id="id_8104553_2025785_1_1"> Concentration Risk, Credit Risk, Financial Instrument, Maximum Exposure </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ConcentrationRiskCreditRiskFinancialInstrumentMaximumExposure_lbl" xml:lang="en-US" id="id_8104553_2025785_2_1"> Concentration risk, Credit risk, Financial instrument, Maximum exposure </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConcentrationRiskCreditRiskFinancialInstrumentMaximumExposure" xlink:to="us-gaap_ConcentrationRiskCreditRiskFinancialInstrumentMaximumExposure_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_ConcentrationRiskCreditRiskFinancialInstrumentMaximumExposureAsPercentageOfAssets" xlink:label="gs_ConcentrationRiskCreditRiskFinancialInstrumentMaximumExposureAsPercentageOfAssets"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_ConcentrationRiskCreditRiskFinancialInstrumentMaximumExposureAsPercentageOfAssets_lbl" xml:lang="en-US" id="id_8104553_2245943_3_1"> Reflects, as a percentage of total assets, the maximum amount of loss due to credit risk that, based on the gross fair value of the financial instrument, the entity would incur if parties to the financial instruments that make up the concentration failed completely to perform according to the terms of the contracts and the collateral or other security, if any, for the amount due proved to be of no value to the entity. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_ConcentrationRiskCreditRiskFinancialInstrumentMaximumExposureAsPercentageOfAssets_lbl" xml:lang="en-US" id="id_8104553_2245943_1_1"> Concentration Risk Credit Risk Financial Instrument Maximum Exposure As Percentage Of Assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_ConcentrationRiskCreditRiskFinancialInstrumentMaximumExposureAsPercentageOfAssets_lbl" xml:lang="en-US" id="id_8104553_2245943_2_1"> Concentration risk, Credit risk, Financial instrument, Maximum exposure, As a percentage of total Assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_ConcentrationRiskCreditRiskFinancialInstrumentMaximumExposureAsPercentageOfAssets" xlink:to="gs_ConcentrationRiskCreditRiskFinancialInstrumentMaximumExposureAsPercentageOfAssets_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ConcentrationRiskDisclosureTextBlock" xlink:label="us-gaap_ConcentrationRiskDisclosureTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ConcentrationRiskDisclosureTextBlock_lbl" xml:lang="en-US" id="id_8104553_2023187_1_1"> Concentration Risk Disclosure [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ConcentrationRiskDisclosureTextBlock_lbl" xml:lang="en-US" id="id_8104553_2023187_2_1"> Credit Concentrations </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConcentrationRiskDisclosureTextBlock" xlink:to="us-gaap_ConcentrationRiskDisclosureTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ConcentrationRiskLineItems" xlink:label="us-gaap_ConcentrationRiskLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ConcentrationRiskLineItems_lbl" xml:lang="en-US" id="id_8104553_2025786_1_1"> Concentration Risk [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ConcentrationRiskLineItems_lbl" xml:lang="en-US" id="id_8104553_2025786_2_1"> Concentration Risk [Line Items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConcentrationRiskLineItems" xlink:to="us-gaap_ConcentrationRiskLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ConcentrationRiskTable" xlink:label="us-gaap_ConcentrationRiskTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ConcentrationRiskTable_lbl" xml:lang="en-US" id="id_8104553_2022316_1_1"> Concentration Risk [Table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ConcentrationRiskTable_lbl" xml:lang="en-US" id="id_8104553_2022316_2_1"> Concentration Risk [Table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConcentrationRiskTable" xlink:to="us-gaap_ConcentrationRiskTable_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_ConfidenceLevelForRegulatoryVar" xlink:label="gs_ConfidenceLevelForRegulatoryVar"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_ConfidenceLevelForRegulatoryVar_lbl" xml:lang="en-US" id="id_8104553_2241258_3_1"> Confidence level for regulatory VaR. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_ConfidenceLevelForRegulatoryVar_lbl" xml:lang="en-US" id="id_8104553_2241258_1_1"> Confidence Level For Regulatory VaR </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_ConfidenceLevelForRegulatoryVar_lbl" xml:lang="en-US" id="id_8104553_2241258_2_1"> Confidence level for regulatory VaR </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_ConfidenceLevelForRegulatoryVar" xlink:to="gs_ConfidenceLevelForRegulatoryVar_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_ConfidenceLevelForRiskManagementVar" xlink:label="gs_ConfidenceLevelForRiskManagementVar"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_ConfidenceLevelForRiskManagementVar_lbl" xml:lang="en-US" id="id_8104553_2048299_3_1"> Confidence level for risk management VaR. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_ConfidenceLevelForRiskManagementVar_lbl" xml:lang="en-US" id="id_8104553_2048299_1_1"> Confidence Level For Risk Management VaR </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_ConfidenceLevelForRiskManagementVar_lbl" xml:lang="en-US" id="id_8104553_2048299_2_1"> Confidence level for risk management VaR </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_ConfidenceLevelForRiskManagementVar" xlink:to="gs_ConfidenceLevelForRiskManagementVar_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_ConsolidatedVariableInterestEntitiesTableTextBlock" xlink:label="gs_ConsolidatedVariableInterestEntitiesTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_ConsolidatedVariableInterestEntitiesTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2284434_3_1"> Consolidated variable interest entities. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_ConsolidatedVariableInterestEntitiesTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2284434_1_1"> Consolidated Variable Interest Entities [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_ConsolidatedVariableInterestEntitiesTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2284434_2_1"> Consolidated Variable Interest Entities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_ConsolidatedVariableInterestEntitiesTableTextBlock" xlink:to="gs_ConsolidatedVariableInterestEntitiesTableTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_ConsolidatedVariableInterestEntityCarryingAmountMember" xlink:label="gs_ConsolidatedVariableInterestEntityCarryingAmountMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_ConsolidatedVariableInterestEntityCarryingAmountMember_lbl" xml:lang="en-US" id="id_8104553_2045682_3_1"> Consolidated variable interest entity, carrying amount. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_ConsolidatedVariableInterestEntityCarryingAmountMember_lbl" xml:lang="en-US" id="id_8104553_2045682_1_1"> Consolidated Variable Interest Entity Carrying Amount [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_ConsolidatedVariableInterestEntityCarryingAmountMember_lbl" xml:lang="en-US" id="id_8104553_2045682_2_1"> Consolidated Variable Interest Entity, Total Carrying Amount [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_ConsolidatedVariableInterestEntityCarryingAmountMember" xlink:to="gs_ConsolidatedVariableInterestEntityCarryingAmountMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ConsolidationPolicyTextBlock" xlink:label="us-gaap_ConsolidationPolicyTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ConsolidationPolicyTextBlock_lbl" xml:lang="en-US" id="id_8104553_2023415_1_1"> Consolidation, Policy [Policy Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ConsolidationPolicyTextBlock_lbl" xml:lang="en-US" id="id_8104553_2023415_2_1"> Consolidation, Policy </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConsolidationPolicyTextBlock" xlink:to="us-gaap_ConsolidationPolicyTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ConsolidationVariableInterestEntityPolicy" xlink:label="us-gaap_ConsolidationVariableInterestEntityPolicy"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ConsolidationVariableInterestEntityPolicy_lbl" xml:lang="en-US" id="id_8104553_2026031_1_1"> Consolidation, Variable Interest Entity, Policy [Policy Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ConsolidationVariableInterestEntityPolicy_lbl" xml:lang="en-US" id="id_8104553_2026031_2_1"> Consolidation, Variable Interest Entity, Policy </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConsolidationVariableInterestEntityPolicy" xlink:to="us-gaap_ConsolidationVariableInterestEntityPolicy_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_ContingentAndForwardStartingResaleAndSecuritiesBorrowingAgreements" xlink:label="gs_ContingentAndForwardStartingResaleAndSecuritiesBorrowingAgreements"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_ContingentAndForwardStartingResaleAndSecuritiesBorrowingAgreements_lbl" xml:lang="en-US" id="id_8104553_2273503_3_1"> Amount of commitments related to contingent and forward starting resale and securities borrowing agreements. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_ContingentAndForwardStartingResaleAndSecuritiesBorrowingAgreements_lbl" xml:lang="en-US" id="id_8104553_2273503_1_1"> Contingent And Forward Starting Resale And Securities Borrowing Agreements </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_ContingentAndForwardStartingResaleAndSecuritiesBorrowingAgreements_lbl" xml:lang="en-US" id="id_8104553_2273503_2_1"> Contingent and forward starting resale and securities borrowing agreements </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_ContingentAndForwardStartingResaleAndSecuritiesBorrowingAgreements" xlink:to="gs_ContingentAndForwardStartingResaleAndSecuritiesBorrowingAgreements_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ContinuingInvolvementWithTransferredFinancialAssetsPrincipalAmountOutstanding" xlink:label="us-gaap_ContinuingInvolvementWithTransferredFinancialAssetsPrincipalAmountOutstanding"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ContinuingInvolvementWithTransferredFinancialAssetsPrincipalAmountOutstanding_lbl" xml:lang="en-US" id="id_8104553_2035327_1_1"> Continuing Involvement with Transferred Financial Assets, Principal Amount Outstanding </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ContinuingInvolvementWithTransferredFinancialAssetsPrincipalAmountOutstanding_lbl" xml:lang="en-US" id="id_8104553_2035327_2_1"> Outstanding principal amount </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ContinuingInvolvementWithTransferredFinancialAssetsPrincipalAmountOutstanding" xlink:to="us-gaap_ContinuingInvolvementWithTransferredFinancialAssetsPrincipalAmountOutstanding_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ConvertibleDebtSecuritiesMember" xlink:label="us-gaap_ConvertibleDebtSecuritiesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ConvertibleDebtSecuritiesMember_lbl" xml:lang="en-US" id="id_8104553_2025566_1_1"> Convertible Debt Securities [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ConvertibleDebtSecuritiesMember_lbl" xml:lang="en-US" id="id_8104553_2025566_2_1"> Convertible Debt Securities [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConvertibleDebtSecuritiesMember" xlink:to="us-gaap_ConvertibleDebtSecuritiesMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_ConvertiblePreferredStockOfferingMember" xlink:label="gs_ConvertiblePreferredStockOfferingMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_ConvertiblePreferredStockOfferingMember_lbl" xml:lang="en-US" id="id_8104553_2392905_3_1"> Convertible Preferred Stock Offering [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_ConvertiblePreferredStockOfferingMember_lbl" xml:lang="en-US" id="id_8104553_2392905_1_1"> Convertible Preferred Stock Offering [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_ConvertiblePreferredStockOfferingMember_lbl" xml:lang="en-US" id="id_8104553_2392905_2_1"> Convertible Preferred Stock Offering [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_ConvertiblePreferredStockOfferingMember" xlink:to="gs_ConvertiblePreferredStockOfferingMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_ConvertibleSeniorNotesAndCommonStockOfferingMember" xlink:label="gs_ConvertibleSeniorNotesAndCommonStockOfferingMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_ConvertibleSeniorNotesAndCommonStockOfferingMember_lbl" xml:lang="en-US" id="id_8104553_2117048_3_1"> Convertible Senior Notes Common Stock Offering [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_ConvertibleSeniorNotesAndCommonStockOfferingMember_lbl" xml:lang="en-US" id="id_8104553_2117048_1_1"> Convertible Senior Notes And Common Stock Offering [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_ConvertibleSeniorNotesAndCommonStockOfferingMember_lbl" xml:lang="en-US" id="id_8104553_2117048_2_1"> Convertible Senior Notes And Common Stock Offering [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_ConvertibleSeniorNotesAndCommonStockOfferingMember" xlink:to="gs_ConvertibleSeniorNotesAndCommonStockOfferingMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_ConvertibleSeniorNotesMember" xlink:label="gs_ConvertibleSeniorNotesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_ConvertibleSeniorNotesMember_lbl" xml:lang="en-US" id="id_8104553_2235976_3_1"> Convertible Senior Notes [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_ConvertibleSeniorNotesMember_lbl" xml:lang="en-US" id="id_8104553_2235976_1_1"> Convertible Senior Notes [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_ConvertibleSeniorNotesMember_lbl" xml:lang="en-US" id="id_8104553_2235976_2_1"> Convertible Senior Notes [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_ConvertibleSeniorNotesMember" xlink:to="gs_ConvertibleSeniorNotesMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_CorporateCdosAndClosMember" xlink:label="gs_CorporateCdosAndClosMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_CorporateCdosAndClosMember_lbl" xml:lang="en-US" id="id_8104553_2343889_3_1"> Corporate CDOs and CLOs. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_CorporateCdosAndClosMember_lbl" xml:lang="en-US" id="id_8104553_2343889_1_1"> Corporate Cdos And Clos [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_CorporateCdosAndClosMember_lbl" xml:lang="en-US" id="id_8104553_2343889_2_1"> Corporate CDOs and CLOs [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_CorporateCdosAndClosMember" xlink:to="gs_CorporateCdosAndClosMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CorporateDebtSecuritiesMember" xlink:label="us-gaap_CorporateDebtSecuritiesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CorporateDebtSecuritiesMember_lbl" xml:lang="en-US" id="id_8104553_2024283_1_1"> Corporate Debt Securities [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CorporateDebtSecuritiesMember_lbl" xml:lang="en-US" id="id_8104553_2024283_2_1"> Corporate Debt Securities [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CorporateDebtSecuritiesMember" xlink:to="us-gaap_CorporateDebtSecuritiesMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_CorporateLoansMember" xlink:label="gs_CorporateLoansMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_CorporateLoansMember_lbl" xml:lang="en-US" id="id_8104553_2054206_3_1"> Corporate Loans [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_CorporateLoansMember_lbl" xml:lang="en-US" id="id_8104553_2054206_1_1"> Corporate Loans [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_CorporateLoansMember_lbl" xml:lang="en-US" id="id_8104553_2054206_2_1"> Corporate Loans [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_CorporateLoansMember" xlink:to="gs_CorporateLoansMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_CounterpartyAndCashCollateralNettingAdjustmentMember" xlink:label="gs_CounterpartyAndCashCollateralNettingAdjustmentMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_CounterpartyAndCashCollateralNettingAdjustmentMember_lbl" xml:lang="en-US" id="id_8104553_2077568_3_1"> Counterparty And Cash Collateral Netting Adjustment [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_CounterpartyAndCashCollateralNettingAdjustmentMember_lbl" xml:lang="en-US" id="id_8104553_2077568_1_1"> Counterparty And Cash Collateral Netting Adjustment [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_CounterpartyAndCashCollateralNettingAdjustmentMember_lbl" xml:lang="en-US" id="id_8104553_2077568_2_1"> Counterparty and Cash Collateral Netting [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_CounterpartyAndCashCollateralNettingAdjustmentMember" xlink:to="gs_CounterpartyAndCashCollateralNettingAdjustmentMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_CounterpartyNettingAdjustmentWithinLevelsMember" xlink:label="gs_CounterpartyNettingAdjustmentWithinLevelsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_CounterpartyNettingAdjustmentWithinLevelsMember_lbl" xml:lang="en-US" id="id_8104553_2194207_3_1"> Counterparty Netting Adjustment Within Levels [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_CounterpartyNettingAdjustmentWithinLevelsMember_lbl" xml:lang="en-US" id="id_8104553_2194207_1_1"> Counterparty Netting Adjustment Within Levels [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_CounterpartyNettingAdjustmentWithinLevelsMember_lbl" xml:lang="en-US" id="id_8104553_2194207_2_1"> Counterparty Netting With in Levels [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_CounterpartyNettingAdjustmentWithinLevelsMember" xlink:to="gs_CounterpartyNettingAdjustmentWithinLevelsMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_CounterpartyNettingAdjustmentWithinTenorsMember" xlink:label="gs_CounterpartyNettingAdjustmentWithinTenorsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_CounterpartyNettingAdjustmentWithinTenorsMember_lbl" xml:lang="en-US" id="id_8104553_2359319_3_1"> Counterparty Netting Adjustment Within Tenors [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_CounterpartyNettingAdjustmentWithinTenorsMember_lbl" xml:lang="en-US" id="id_8104553_2359319_1_1"> Counterparty Netting Adjustment Within Tenors [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_CounterpartyNettingAdjustmentWithinTenorsMember_lbl" xml:lang="en-US" id="id_8104553_2359319_2_1"> Counterparty Netting Within Tenors [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_CounterpartyNettingAdjustmentWithinTenorsMember" xlink:to="gs_CounterpartyNettingAdjustmentWithinTenorsMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_CounterpartyNettingMember" xlink:label="gs_CounterpartyNettingMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_CounterpartyNettingMember_lbl" xml:lang="en-US" id="id_8104553_2097820_3_1"> Counterparty Netting [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_CounterpartyNettingMember_lbl" xml:lang="en-US" id="id_8104553_2097820_1_1"> Counterparty Netting [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_CounterpartyNettingMember_lbl" xml:lang="en-US" id="id_8104553_2097820_2_1"> Counterparty Netting [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_CounterpartyNettingMember" xlink:to="gs_CounterpartyNettingMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_CreditConcentrationGovernmentAndFederalAgencyObligationsTableTextBlock" xlink:label="gs_CreditConcentrationGovernmentAndFederalAgencyObligationsTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_CreditConcentrationGovernmentAndFederalAgencyObligationsTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2161790_3_1"> Credit concentration government and federal agency obligations. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_CreditConcentrationGovernmentAndFederalAgencyObligationsTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2161790_1_1"> Credit Concentration Government And Federal Agency Obligations Table [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_CreditConcentrationGovernmentAndFederalAgencyObligationsTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2161790_2_1"> Credit Concentration, Government and Federal Agency Obligations </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_CreditConcentrationGovernmentAndFederalAgencyObligationsTableTextBlock" xlink:to="gs_CreditConcentrationGovernmentAndFederalAgencyObligationsTableTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_CreditConcentrationResaleAgreementsAndSecuritiesBorrowedTableTextBlock" xlink:label="gs_CreditConcentrationResaleAgreementsAndSecuritiesBorrowedTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_CreditConcentrationResaleAgreementsAndSecuritiesBorrowedTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2236798_3_1"> Credit concentration resale agreements and securities borrowed. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_CreditConcentrationResaleAgreementsAndSecuritiesBorrowedTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2236798_1_1"> Credit Concentration Resale Agreements And Securities Borrowed Table [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_CreditConcentrationResaleAgreementsAndSecuritiesBorrowedTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2236798_2_1"> Credit Concentration, Resale Agreements and Securities Borrowed </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_CreditConcentrationResaleAgreementsAndSecuritiesBorrowedTableTextBlock" xlink:to="gs_CreditConcentrationResaleAgreementsAndSecuritiesBorrowedTableTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CreditDerivativeMaximumExposureUndiscounted" xlink:label="us-gaap_CreditDerivativeMaximumExposureUndiscounted"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CreditDerivativeMaximumExposureUndiscounted_lbl" xml:lang="en-US" id="id_8104553_2023201_1_1"> Credit Derivative, Maximum Exposure, Undiscounted </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CreditDerivativeMaximumExposureUndiscounted_lbl" xml:lang="en-US" id="id_8104553_2023201_2_1"> Maximum Payout/Notional Amount of Written Credit Derivative </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CreditDerivativeMaximumExposureUndiscounted" xlink:to="us-gaap_CreditDerivativeMaximumExposureUndiscounted_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CreditDerivativesByContractTypeAxis" xlink:label="us-gaap_CreditDerivativesByContractTypeAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CreditDerivativesByContractTypeAxis_lbl" xml:lang="en-US" id="id_8104553_2027740_1_1"> Credit Derivatives Contract Type [Axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CreditDerivativesByContractTypeAxis_lbl" xml:lang="en-US" id="id_8104553_2027740_2_1"> Credit Derivatives Contract Type [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CreditDerivativesByContractTypeAxis" xlink:to="us-gaap_CreditDerivativesByContractTypeAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CreditDerivativesContractTypeDomain" xlink:label="us-gaap_CreditDerivativesContractTypeDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CreditDerivativesContractTypeDomain_lbl" xml:lang="en-US" id="id_8104553_2025385_1_1"> Credit Derivatives Contract Type [Domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CreditDerivativesContractTypeDomain_lbl" xml:lang="en-US" id="id_8104553_2025385_2_1"> Credit Derivatives Contract Type [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CreditDerivativesContractTypeDomain" xlink:to="us-gaap_CreditDerivativesContractTypeDomain_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_CreditFundsMember" xlink:label="gs_CreditFundsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_CreditFundsMember_lbl" xml:lang="en-US" id="id_8104553_2099776_3_1"> Investments held in credit funds. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_CreditFundsMember_lbl" xml:lang="en-US" id="id_8104553_2099776_1_1"> Credit Funds [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_CreditFundsMember_lbl" xml:lang="en-US" id="id_8104553_2099776_2_1"> Credit Funds [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_CreditFundsMember" xlink:to="gs_CreditFundsMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_CreditLossProtectionForAdditionalLossesPercentage" xlink:label="gs_CreditLossProtectionForAdditionalLossesPercentage"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_CreditLossProtectionForAdditionalLossesPercentage_lbl" xml:lang="en-US" id="id_8104553_2122521_3_1"> Percentage of Sumitomo Mitsui Financial Group, Inc. (SMFG) credit loss protection for additional losses on approved loan commitments. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_CreditLossProtectionForAdditionalLossesPercentage_lbl" xml:lang="en-US" id="id_8104553_2122521_1_1"> Credit Loss Protection For Additional Losses Percentage </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_CreditLossProtectionForAdditionalLossesPercentage_lbl" xml:lang="en-US" id="id_8104553_2122521_2_1"> SMFG credit loss protection for additional losses percentage </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_CreditLossProtectionForAdditionalLossesPercentage" xlink:to="gs_CreditLossProtectionForAdditionalLossesPercentage_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_CreditLossProtectionPercentageOfFirstLossOnLoanCommitments" xlink:label="gs_CreditLossProtectionPercentageOfFirstLossOnLoanCommitments"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_CreditLossProtectionPercentageOfFirstLossOnLoanCommitments_lbl" xml:lang="en-US" id="id_8104553_2313098_3_1"> Percentage of Sumitomo Mitsui Financial Group, Inc. (SMFG) credit loss protection on the first loss on approved loan commitments. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_CreditLossProtectionPercentageOfFirstLossOnLoanCommitments_lbl" xml:lang="en-US" id="id_8104553_2313098_1_1"> Credit Loss Protection Percentage Of First Loss On Loan Commitments </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_CreditLossProtectionPercentageOfFirstLossOnLoanCommitments_lbl" xml:lang="en-US" id="id_8104553_2313098_2_1"> Credit loss protection percentage of first loss on loan commitments provided by SMFG </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_CreditLossProtectionPercentageOfFirstLossOnLoanCommitments" xlink:to="gs_CreditLossProtectionPercentageOfFirstLossOnLoanCommitments_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CreditMember" xlink:label="us-gaap_CreditMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CreditMember_lbl" xml:lang="en-US" id="id_8104553_2022556_1_1"> Credit [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CreditMember_lbl" xml:lang="en-US" id="id_8104553_2022556_2_1"> Credit [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CreditMember" xlink:to="us-gaap_CreditMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CreditRiskContractMember" xlink:label="us-gaap_CreditRiskContractMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CreditRiskContractMember_lbl" xml:lang="en-US" id="id_8104553_2021912_1_1"> Credit Risk Contract [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CreditRiskContractMember_lbl" xml:lang="en-US" id="id_8104553_2021912_2_1"> Credit Risk Contract [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CreditRiskContractMember" xlink:to="us-gaap_CreditRiskContractMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CreditRiskDerivativeAssetsAtFairValue" xlink:label="us-gaap_CreditRiskDerivativeAssetsAtFairValue"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CreditRiskDerivativeAssetsAtFairValue_lbl" xml:lang="en-US" id="id_8104553_2022137_1_1"> Credit Risk Derivative Assets, at Fair Value </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CreditRiskDerivativeAssetsAtFairValue_lbl" xml:lang="en-US" id="id_8104553_2022137_2_1"> Fair Value Asset of Written Credit Derivatives </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CreditRiskDerivativeAssetsAtFairValue" xlink:to="us-gaap_CreditRiskDerivativeAssetsAtFairValue_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CreditRiskDerivativeLiabilitiesAtFairValue" xlink:label="us-gaap_CreditRiskDerivativeLiabilitiesAtFairValue"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CreditRiskDerivativeLiabilitiesAtFairValue_lbl" xml:lang="en-US" id="id_8104553_2026442_1_1"> Credit Risk Derivative Liabilities, at Fair Value </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CreditRiskDerivativeLiabilitiesAtFairValue_lbl" xml:lang="en-US" id="id_8104553_2026442_2_1"> Fair Value Liability of Written Credit Derivatives </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CreditRiskDerivativeLiabilitiesAtFairValue" xlink:to="us-gaap_CreditRiskDerivativeLiabilitiesAtFairValue_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CreditRiskDerivativesAtFairValueNet" xlink:label="us-gaap_CreditRiskDerivativesAtFairValueNet"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CreditRiskDerivativesAtFairValueNet_lbl" xml:lang="en-US" id="id_8104553_2022995_1_1"> Credit Risk Derivatives, at Fair Value, Net </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_CreditRiskDerivativesAtFairValueNet_lbl" xml:lang="en-US" id="id_8104553_2022995_6_1"> Fair Value Net Asset/(Liability) of Written Credit Derivatives </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CreditRiskDerivativesAtFairValueNet" xlink:to="us-gaap_CreditRiskDerivativesAtFairValueNet_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_CreditRwas" xlink:label="gs_CreditRwas"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_CreditRwas_lbl" xml:lang="en-US" id="id_8104553_2103139_3_1"> Credit risk-weighted assets. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_CreditRwas_lbl" xml:lang="en-US" id="id_8104553_2103139_1_1"> Credit RWAS </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_CreditRwas_lbl" xml:lang="en-US" id="id_8104553_2103139_2_1"> Credit RWAs </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_CreditRwas" xlink:to="gs_CreditRwas_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_CreditSpreadOnUnderlyingBasisPointsFourMember" xlink:label="gs_CreditSpreadOnUnderlyingBasisPointsFourMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_CreditSpreadOnUnderlyingBasisPointsFourMember_lbl" xml:lang="en-US" id="id_8104553_2319040_3_1"> Credit Spread On Underlying Basis Points Four [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_CreditSpreadOnUnderlyingBasisPointsFourMember_lbl" xml:lang="en-US" id="id_8104553_2319040_1_1"> Credit Spread On Underlying Basis Points Four [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_CreditSpreadOnUnderlyingBasisPointsFourMember_lbl" xml:lang="en-US" id="id_8104553_2319040_2_1"> Greater than 1000 [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_CreditSpreadOnUnderlyingBasisPointsFourMember" xlink:to="gs_CreditSpreadOnUnderlyingBasisPointsFourMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_CreditSpreadOnUnderlyingBasisPointsOneMember" xlink:label="gs_CreditSpreadOnUnderlyingBasisPointsOneMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_CreditSpreadOnUnderlyingBasisPointsOneMember_lbl" xml:lang="en-US" id="id_8104553_2122303_3_1"> Credit Spread On Underlying Basis Points One [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_CreditSpreadOnUnderlyingBasisPointsOneMember_lbl" xml:lang="en-US" id="id_8104553_2122303_1_1"> Credit Spread On Underlying Basis Points One [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_CreditSpreadOnUnderlyingBasisPointsOneMember_lbl" xml:lang="en-US" id="id_8104553_2122303_2_1"> 0 - 250 [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_CreditSpreadOnUnderlyingBasisPointsOneMember" xlink:to="gs_CreditSpreadOnUnderlyingBasisPointsOneMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_CreditSpreadOnUnderlyingBasisPointsThreeMember" xlink:label="gs_CreditSpreadOnUnderlyingBasisPointsThreeMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_CreditSpreadOnUnderlyingBasisPointsThreeMember_lbl" xml:lang="en-US" id="id_8104553_2221166_3_1"> Credit Spread On Underlying Basis Points Three [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_CreditSpreadOnUnderlyingBasisPointsThreeMember_lbl" xml:lang="en-US" id="id_8104553_2221166_1_1"> Credit Spread On Underlying Basis Points Three [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_CreditSpreadOnUnderlyingBasisPointsThreeMember_lbl" xml:lang="en-US" id="id_8104553_2221166_2_1"> 501 - 1000 [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_CreditSpreadOnUnderlyingBasisPointsThreeMember" xlink:to="gs_CreditSpreadOnUnderlyingBasisPointsThreeMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_CreditSpreadOnUnderlyingBasisPointsTwoMember" xlink:label="gs_CreditSpreadOnUnderlyingBasisPointsTwoMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_CreditSpreadOnUnderlyingBasisPointsTwoMember_lbl" xml:lang="en-US" id="id_8104553_2256551_3_1"> Credit Spread On Underlying Basis Points Two [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_CreditSpreadOnUnderlyingBasisPointsTwoMember_lbl" xml:lang="en-US" id="id_8104553_2256551_1_1"> Credit Spread On Underlying Basis Points Two [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_CreditSpreadOnUnderlyingBasisPointsTwoMember_lbl" xml:lang="en-US" id="id_8104553_2256551_2_1"> 251 - 500 [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_CreditSpreadOnUnderlyingBasisPointsTwoMember" xlink:to="gs_CreditSpreadOnUnderlyingBasisPointsTwoMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CriticizedMember" xlink:label="us-gaap_CriticizedMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CriticizedMember_lbl" xml:lang="en-US" id="id_8104553_2024506_1_1"> Criticized [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CriticizedMember_lbl" xml:lang="en-US" id="id_8104553_2024506_2_1"> Criticized [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CriticizedMember" xlink:to="us-gaap_CriticizedMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_CrossLevelCounterpartyNettingAdjustmentMember" xlink:label="gs_CrossLevelCounterpartyNettingAdjustmentMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_CrossLevelCounterpartyNettingAdjustmentMember_lbl" xml:lang="en-US" id="id_8104553_2186888_3_1"> Cross Level Counterparty Netting Adjustment [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_CrossLevelCounterpartyNettingAdjustmentMember_lbl" xml:lang="en-US" id="id_8104553_2186888_1_1"> Cross Level Counterparty Netting Adjustment [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_CrossLevelCounterpartyNettingAdjustmentMember_lbl" xml:lang="en-US" id="id_8104553_2186888_2_1"> Cross Level Counterparty Netting Adjustment [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_CrossLevelCounterpartyNettingAdjustmentMember" xlink:to="gs_CrossLevelCounterpartyNettingAdjustmentMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_CrossMaturityNettingAdjustmentMember" xlink:label="gs_CrossMaturityNettingAdjustmentMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_CrossMaturityNettingAdjustmentMember_lbl" xml:lang="en-US" id="id_8104553_2133245_3_1"> Cross Maturity Netting [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_CrossMaturityNettingAdjustmentMember_lbl" xml:lang="en-US" id="id_8104553_2133245_1_1"> Cross Maturity Netting Adjustment [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_CrossMaturityNettingAdjustmentMember_lbl" xml:lang="en-US" id="id_8104553_2133245_2_1"> Cross Tenor Counterparty Netting [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_CrossMaturityNettingAdjustmentMember" xlink:to="gs_CrossMaturityNettingAdjustmentMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_CurrenciesRelatedLitigationSuperiorCourtOfJusticeInOntarioCanadaAndSuperiorCourtOfQuebecCanadaMember" xlink:label="gs_CurrenciesRelatedLitigationSuperiorCourtOfJusticeInOntarioCanadaAndSuperiorCourtOfQuebecCanadaMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_CurrenciesRelatedLitigationSuperiorCourtOfJusticeInOntarioCanadaAndSuperiorCourtOfQuebecCanadaMember_lbl" xml:lang="en-US" id="id_8104553_2304087_3_1"> Currencies - Related Litigation - Superior Court of Justice in Ontario, Canada And Superior Court of Quebec, Canada [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_CurrenciesRelatedLitigationSuperiorCourtOfJusticeInOntarioCanadaAndSuperiorCourtOfQuebecCanadaMember_lbl" xml:lang="en-US" id="id_8104553_2304087_1_1"> Currencies - Related Litigation - Superior Court of Justice in Ontario, Canada And Superior Court of Quebec, Canada [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_CurrenciesRelatedLitigationSuperiorCourtOfJusticeInOntarioCanadaAndSuperiorCourtOfQuebecCanadaMember_lbl" xml:lang="en-US" id="id_8104553_2304087_2_1"> Currencies - Related Litigation - Superior Court of Justice in Ontario, Canada And Superior Court of Quebec, Canada [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_CurrenciesRelatedLitigationSuperiorCourtOfJusticeInOntarioCanadaAndSuperiorCourtOfQuebecCanadaMember" xlink:to="gs_CurrenciesRelatedLitigationSuperiorCourtOfJusticeInOntarioCanadaAndSuperiorCourtOfQuebecCanadaMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_CurrenciesRelatedLitigationSuperiorCourtOfJusticeInOntarioCanadaMember" xlink:label="gs_CurrenciesRelatedLitigationSuperiorCourtOfJusticeInOntarioCanadaMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_CurrenciesRelatedLitigationSuperiorCourtOfJusticeInOntarioCanadaMember_lbl" xml:lang="en-US" id="id_8104553_2219208_3_1"> Currencies - Related Litigation - Superior Court of Justice in Ontario, Canada [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_CurrenciesRelatedLitigationSuperiorCourtOfJusticeInOntarioCanadaMember_lbl" xml:lang="en-US" id="id_8104553_2219208_1_1"> Currencies - Related Litigation - Superior Court of Justice in Ontario, Canada [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_CurrenciesRelatedLitigationSuperiorCourtOfJusticeInOntarioCanadaMember_lbl" xml:lang="en-US" id="id_8104553_2219208_2_1"> Currencies - Related Litigation - Superior Court of Justice in Ontario, Canada [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_CurrenciesRelatedLitigationSuperiorCourtOfJusticeInOntarioCanadaMember" xlink:to="gs_CurrenciesRelatedLitigationSuperiorCourtOfJusticeInOntarioCanadaMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_CurrenciesRelatedLitigationSuperiorCourtOfQuebecCanadaMember" xlink:label="gs_CurrenciesRelatedLitigationSuperiorCourtOfQuebecCanadaMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_CurrenciesRelatedLitigationSuperiorCourtOfQuebecCanadaMember_lbl" xml:lang="en-US" id="id_8104553_2267276_3_1"> Currencies - Related Litigation - Superior Court of Quebec, Canada [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_CurrenciesRelatedLitigationSuperiorCourtOfQuebecCanadaMember_lbl" xml:lang="en-US" id="id_8104553_2267276_1_1"> Currencies - Related Litigation - Superior Court of Quebec, Canada [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_CurrenciesRelatedLitigationSuperiorCourtOfQuebecCanadaMember_lbl" xml:lang="en-US" id="id_8104553_2267276_2_1"> Currencies - Related Litigation - Superior Court of Quebec, Canada [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_CurrenciesRelatedLitigationSuperiorCourtOfQuebecCanadaMember" xlink:to="gs_CurrenciesRelatedLitigationSuperiorCourtOfQuebecCanadaMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CurrencyAxis" xlink:label="us-gaap_CurrencyAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CurrencyAxis_lbl" xml:lang="en-US" id="id_8104553_2027995_1_1"> Currency [Axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CurrencyAxis_lbl" xml:lang="en-US" id="id_8104553_2027995_2_1"> Currency [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CurrencyAxis" xlink:to="us-gaap_CurrencyAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_CurrentFiscalYearEndDate" xlink:label="dei_CurrentFiscalYearEndDate"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_CurrentFiscalYearEndDate_lbl" xml:lang="en-US" id="id_8104553_2024507_1_1"> Current Fiscal Year End Date </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_CurrentFiscalYearEndDate_lbl" xml:lang="en-US" id="id_8104553_2024507_2_1"> Current Fiscal Year End Date </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CurrentFiscalYearEndDate" xlink:to="dei_CurrentFiscalYearEndDate_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CustomerListsMember" xlink:label="us-gaap_CustomerListsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CustomerListsMember_lbl" xml:lang="en-US" id="id_8104553_2027996_1_1"> Customer Lists [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CustomerListsMember_lbl" xml:lang="en-US" id="id_8104553_2027996_2_1"> Customer Lists [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CustomerListsMember" xlink:to="us-gaap_CustomerListsMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtDisclosureAbstract" xlink:label="us-gaap_DebtDisclosureAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtDisclosureAbstract_lbl" xml:lang="en-US" id="id_8104553_2026667_1_1"> Debt Disclosure [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DebtDisclosureAbstract_lbl" xml:lang="en-US" id="id_8104553_2026667_2_1"> Debt Disclosure [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtDisclosureAbstract" xlink:to="us-gaap_DebtDisclosureAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentFaceAmount" xlink:label="us-gaap_DebtInstrumentFaceAmount"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtInstrumentFaceAmount_lbl" xml:lang="en-US" id="id_8104553_2025810_1_1"> Debt Instrument, Face Amount </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DebtInstrumentFaceAmount_lbl" xml:lang="en-US" id="id_8104553_2025810_2_1"> Long-term debt, par amount </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentFaceAmount" xlink:to="us-gaap_DebtInstrumentFaceAmount_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_DebtInstrumentFairValueCarryingValueAbstract" xlink:label="gs_DebtInstrumentFairValueCarryingValueAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_DebtInstrumentFairValueCarryingValueAbstract_lbl" xml:lang="en-US" id="id_8104553_2326550_3_1"> Debt Instrument Fair Value Carrying Value [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_DebtInstrumentFairValueCarryingValueAbstract_lbl" xml:lang="en-US" id="id_8104553_2326550_1_1"> Debt Instrument Fair Value Carrying Value [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_DebtInstrumentFairValueCarryingValueAbstract_lbl" xml:lang="en-US" id="id_8104553_2326550_2_1"> Debt Instrument Fair Value Carrying Value [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_DebtInstrumentFairValueCarryingValueAbstract" xlink:to="gs_DebtInstrumentFairValueCarryingValueAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="us-gaap_DebtInstrumentLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtInstrumentLineItems_lbl" xml:lang="en-US" id="id_8104553_2021687_1_1"> Debt Instrument [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DebtInstrumentLineItems_lbl" xml:lang="en-US" id="id_8104553_2021687_2_1"> Debt Instrument [Line Items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentLineItems" xlink:to="us-gaap_DebtInstrumentLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentMaturityDateDescription" xlink:label="us-gaap_DebtInstrumentMaturityDateDescription"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtInstrumentMaturityDateDescription_lbl" xml:lang="en-US" id="id_8104553_2027115_1_1"> Debt Instrument, Maturity Date, Description </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DebtInstrumentMaturityDateDescription_lbl" xml:lang="en-US" id="id_8104553_2027115_2_1"> Subordinated debt maturities, description </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentMaturityDateDescription" xlink:to="us-gaap_DebtInstrumentMaturityDateDescription_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentMaturityDateRangeEnd1" xlink:label="us-gaap_DebtInstrumentMaturityDateRangeEnd1"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtInstrumentMaturityDateRangeEnd1_lbl" xml:lang="en-US" id="id_8104553_2027336_1_1"> Debt Instrument, Maturity Date Range, End </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DebtInstrumentMaturityDateRangeEnd1_lbl" xml:lang="en-US" id="id_8104553_2027336_2_1"> Subordinated debt maturities, range, end </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentMaturityDateRangeEnd1" xlink:to="us-gaap_DebtInstrumentMaturityDateRangeEnd1_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentMaturityDateRangeStart1" xlink:label="us-gaap_DebtInstrumentMaturityDateRangeStart1"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtInstrumentMaturityDateRangeStart1_lbl" xml:lang="en-US" id="id_8104553_2025593_1_1"> Debt Instrument, Maturity Date Range, Start </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DebtInstrumentMaturityDateRangeStart1_lbl" xml:lang="en-US" id="id_8104553_2025593_2_1"> Subordinated debt maturities, range, start </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentMaturityDateRangeStart1" xlink:to="us-gaap_DebtInstrumentMaturityDateRangeStart1_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentTable" xlink:label="us-gaap_DebtInstrumentTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtInstrumentTable_lbl" xml:lang="en-US" id="id_8104553_2023206_1_1"> Schedule of Long-term Debt Instruments [Table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DebtInstrumentTable_lbl" xml:lang="en-US" id="id_8104553_2023206_2_1"> Schedule of Long-term Debt Instruments [Table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentTable" xlink:to="us-gaap_DebtInstrumentTable_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_DebtValuationAdjustmentMember" xlink:label="gs_DebtValuationAdjustmentMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_DebtValuationAdjustmentMember_lbl" xml:lang="en-US" id="id_8104553_2393048_3_1"> Debt Valuation Adjustment [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_DebtValuationAdjustmentMember_lbl" xml:lang="en-US" id="id_8104553_2393048_1_1"> Debt Valuation Adjustment [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_DebtValuationAdjustmentMember_lbl" xml:lang="en-US" id="id_8104553_2393048_2_1"> Debt Valuation Adjustment [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_DebtValuationAdjustmentMember" xlink:to="gs_DebtValuationAdjustmentMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_December2012ConvertibleNotesOfferingMember" xlink:label="gs_December2012ConvertibleNotesOfferingMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_December2012ConvertibleNotesOfferingMember_lbl" xml:lang="en-US" id="id_8104553_2340115_3_1"> December 2012 Convertible Notes Offering [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_December2012ConvertibleNotesOfferingMember_lbl" xml:lang="en-US" id="id_8104553_2340115_1_1"> December 2012 Convertible Notes Offering [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_December2012ConvertibleNotesOfferingMember_lbl" xml:lang="en-US" id="id_8104553_2340115_2_1"> December 2012 Convertible Notes Offering [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_December2012ConvertibleNotesOfferingMember" xlink:to="gs_December2012ConvertibleNotesOfferingMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_DeductionsForGoodwillAndIdentifiableIntangibleAssetsNetOfDeferredTaxLiabilities" xlink:label="gs_DeductionsForGoodwillAndIdentifiableIntangibleAssetsNetOfDeferredTaxLiabilities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_DeductionsForGoodwillAndIdentifiableIntangibleAssetsNetOfDeferredTaxLiabilities_lbl" xml:lang="en-US" id="id_8104553_2109393_3_1"> Deductions from CET1 for goodwill and identifiable intangible assets, net of deferred tax liabilities. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_DeductionsForGoodwillAndIdentifiableIntangibleAssetsNetOfDeferredTaxLiabilities_lbl" xml:lang="en-US" id="id_8104553_2109393_1_1"> Deductions For Goodwill And Identifiable Intangible Assets Net Of Deferred Tax Liabilities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="gs_DeductionsForGoodwillAndIdentifiableIntangibleAssetsNetOfDeferredTaxLiabilities_lbl" xml:lang="en-US" id="id_8104553_2109393_14_1"> Deductions for goodwill and identifiable intangible assets, net of deferred tax liabilities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_DeductionsForGoodwillAndIdentifiableIntangibleAssetsNetOfDeferredTaxLiabilities" xlink:to="gs_DeductionsForGoodwillAndIdentifiableIntangibleAssetsNetOfDeferredTaxLiabilities_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_DeductionsForInvestmentsInCoveredFunds" xlink:label="gs_DeductionsForInvestmentsInCoveredFunds"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_DeductionsForInvestmentsInCoveredFunds_lbl" xml:lang="en-US" id="id_8104553_2195341_3_1"> Deductions for investments in covered funds for Tier 1 Capital. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_DeductionsForInvestmentsInCoveredFunds_lbl" xml:lang="en-US" id="id_8104553_2195341_1_1"> Deductions For Investments In Covered Funds </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="gs_DeductionsForInvestmentsInCoveredFunds_lbl" xml:lang="en-US" id="id_8104553_2195341_14_1"> Deduction for investments in covered funds </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_DeductionsForInvestmentsInCoveredFunds" xlink:to="gs_DeductionsForInvestmentsInCoveredFunds_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_DeductionsForInvestmentsInNonconsolidatedFinancialInstitutions" xlink:label="gs_DeductionsForInvestmentsInNonconsolidatedFinancialInstitutions"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_DeductionsForInvestmentsInNonconsolidatedFinancialInstitutions_lbl" xml:lang="en-US" id="id_8104553_2041820_3_1"> Deductions from CET1 for investments in nonconsolidated financial institutions. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_DeductionsForInvestmentsInNonconsolidatedFinancialInstitutions_lbl" xml:lang="en-US" id="id_8104553_2041820_1_1"> Deductions For Investments In Nonconsolidated Financial Institutions </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="gs_DeductionsForInvestmentsInNonconsolidatedFinancialInstitutions_lbl" xml:lang="en-US" id="id_8104553_2041820_14_1"> Deductions for investments in nonconsolidated financial institutions </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_DeductionsForInvestmentsInNonconsolidatedFinancialInstitutions" xlink:to="gs_DeductionsForInvestmentsInNonconsolidatedFinancialInstitutions_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract" xlink:label="us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract_lbl" xml:lang="en-US" id="id_8104553_2024736_1_1"> Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract_lbl" xml:lang="en-US" id="id_8104553_2024736_2_1"> Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract" xlink:to="us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_DeferredTaxLiabilitiesAssociatedWithGoodwillAndIdentifiableIntangibleAssets" xlink:label="gs_DeferredTaxLiabilitiesAssociatedWithGoodwillAndIdentifiableIntangibleAssets"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_DeferredTaxLiabilitiesAssociatedWithGoodwillAndIdentifiableIntangibleAssets_lbl" xml:lang="en-US" id="id_8104553_2180299_3_1"> Deferred tax liabilities associated with goodwill and identifiable intangible assets. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_DeferredTaxLiabilitiesAssociatedWithGoodwillAndIdentifiableIntangibleAssets_lbl" xml:lang="en-US" id="id_8104553_2180299_1_1"> Deferred Tax Liabilities Associated With Goodwill And Identifiable Intangible Assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_DeferredTaxLiabilitiesAssociatedWithGoodwillAndIdentifiableIntangibleAssets_lbl" xml:lang="en-US" id="id_8104553_2180299_2_1"> Deferred tax liabilities associated with goodwill and identifiable intangible assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_DeferredTaxLiabilitiesAssociatedWithGoodwillAndIdentifiableIntangibleAssets" xlink:to="gs_DeferredTaxLiabilitiesAssociatedWithGoodwillAndIdentifiableIntangibleAssets_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_DeliveryOfCommonStockUnderlyingShareBasedAwards" xlink:label="gs_DeliveryOfCommonStockUnderlyingShareBasedAwards"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_DeliveryOfCommonStockUnderlyingShareBasedAwards_lbl" xml:lang="en-US" id="id_8104553_2308104_3_1"> Delivery of common stock underlying share based awards. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_DeliveryOfCommonStockUnderlyingShareBasedAwards_lbl" xml:lang="en-US" id="id_8104553_2308104_1_1"> Delivery Of Common Stock Underlying Share Based Awards </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_DeliveryOfCommonStockUnderlyingShareBasedAwards_lbl" xml:lang="en-US" id="id_8104553_2308104_2_1"> Delivery of common stock underlying share-based awards </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_DeliveryOfCommonStockUnderlyingShareBasedAwards" xlink:to="gs_DeliveryOfCommonStockUnderlyingShareBasedAwards_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_DepositarySharesOfNonCumulativePreferredStock" xlink:label="gs_DepositarySharesOfNonCumulativePreferredStock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_DepositarySharesOfNonCumulativePreferredStock_lbl" xml:lang="en-US" id="id_8104553_2206991_3_1"> Depositary shares representing each share of non-cumulative preferred stock. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_DepositarySharesOfNonCumulativePreferredStock_lbl" xml:lang="en-US" id="id_8104553_2206991_1_1"> Depositary Shares Of Non Cumulative Preferred Stock </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_DepositarySharesOfNonCumulativePreferredStock_lbl" xml:lang="en-US" id="id_8104553_2206991_2_1"> Depositary Shares Per Share </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_DepositarySharesOfNonCumulativePreferredStock" xlink:to="gs_DepositarySharesOfNonCumulativePreferredStock_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_DepositLiabilitiesAxis" xlink:label="gs_DepositLiabilitiesAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_DepositLiabilitiesAxis_lbl" xml:lang="en-US" id="id_8104553_2195801_3_1"> The breakdown of all deposit liabilities by region (i.e. domestic vs. foreign). </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_DepositLiabilitiesAxis_lbl" xml:lang="en-US" id="id_8104553_2195801_1_1"> Deposit Liabilities [Axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_DepositLiabilitiesAxis_lbl" xml:lang="en-US" id="id_8104553_2195801_2_1"> Deposit Liabilities [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_DepositLiabilitiesAxis" xlink:to="gs_DepositLiabilitiesAxis_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_DepositLiabilitiesByRegionTableTextBlock" xlink:label="gs_DepositLiabilitiesByRegionTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_DepositLiabilitiesByRegionTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2070168_3_1"> The breakdown of all deposit liabilities by region (i.e. domestic vs. foreign). </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_DepositLiabilitiesByRegionTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2070168_1_1"> Deposit Liabilities By Region Table [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_DepositLiabilitiesByRegionTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2070168_2_1"> Deposits </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_DepositLiabilitiesByRegionTableTextBlock" xlink:to="gs_DepositLiabilitiesByRegionTableTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DepositLiabilitiesDisclosuresTextBlock" xlink:label="us-gaap_DepositLiabilitiesDisclosuresTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DepositLiabilitiesDisclosuresTextBlock_lbl" xml:lang="en-US" id="id_8104553_2028025_1_1"> Deposit Liabilities Disclosures [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DepositLiabilitiesDisclosuresTextBlock_lbl" xml:lang="en-US" id="id_8104553_2028025_2_1"> Deposits </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DepositLiabilitiesDisclosuresTextBlock" xlink:to="us-gaap_DepositLiabilitiesDisclosuresTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_DepositLiabilitiesDomain" xlink:label="gs_DepositLiabilitiesDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_DepositLiabilitiesDomain_lbl" xml:lang="en-US" id="id_8104553_2154716_3_1"> Deposit Liabilities [Domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_DepositLiabilitiesDomain_lbl" xml:lang="en-US" id="id_8104553_2154716_1_1"> Deposit Liabilities [Domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_DepositLiabilitiesDomain_lbl" xml:lang="en-US" id="id_8104553_2154716_2_1"> Deposit Liabilities [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_DepositLiabilitiesDomain" xlink:to="gs_DepositLiabilitiesDomain_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_DepositLiabilitiesTableTextBlock" xlink:label="gs_DepositLiabilitiesTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_DepositLiabilitiesTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2133244_3_1"> Deposit Liabilities Table [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_DepositLiabilitiesTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2133244_1_1"> Deposit Liabilities Table [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_DepositLiabilitiesTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2133244_2_1"> Schedule of Types and Sources of Deposits </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_DepositLiabilitiesTableTextBlock" xlink:to="gs_DepositLiabilitiesTableTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_Deposits" xlink:label="us-gaap_Deposits"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_Deposits_lbl" xml:lang="en-US" id="id_8104553_2024318_1_1"> Deposits </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_Deposits_lbl" xml:lang="en-US" id="id_8104553_2024318_2_1"> Deposits (includes $14,096 and $14,680 at fair value as of September 2016 and December 2015, respectively) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_Deposits_lbl" xml:lang="en-US" id="id_8104553_2024318_6_1"> Total </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Deposits" xlink:to="us-gaap_Deposits_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DepositsAbstract" xlink:label="us-gaap_DepositsAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DepositsAbstract_lbl" xml:lang="en-US" id="id_8104553_2023460_1_1"> Deposits [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DepositsAbstract_lbl" xml:lang="en-US" id="id_8104553_2023460_2_1"> Deposits [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DepositsAbstract" xlink:to="us-gaap_DepositsAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DepositsDomestic" xlink:label="us-gaap_DepositsDomestic"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DepositsDomestic_lbl" xml:lang="en-US" id="id_8104553_2026697_1_1"> Deposits, Domestic </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DepositsDomestic_lbl" xml:lang="en-US" id="id_8104553_2026697_2_1"> U.S. offices </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DepositsDomestic" xlink:to="us-gaap_DepositsDomestic_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DepositsFairValueDisclosure" xlink:label="us-gaap_DepositsFairValueDisclosure"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DepositsFairValueDisclosure_lbl" xml:lang="en-US" id="id_8104553_2025420_1_1"> Deposits, Fair Value Disclosure </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DepositsFairValueDisclosure_lbl" xml:lang="en-US" id="id_8104553_2025420_2_1"> Deposits at fair value </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_DepositsFairValueDisclosure_lbl" xml:lang="en-US" id="id_8104553_2025420_14_1"> Deposits </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DepositsFairValueDisclosure" xlink:to="us-gaap_DepositsFairValueDisclosure_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DepositsForeign" xlink:label="us-gaap_DepositsForeign"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DepositsForeign_lbl" xml:lang="en-US" id="id_8104553_2024108_1_1"> Deposits, Foreign </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DepositsForeign_lbl" xml:lang="en-US" id="id_8104553_2024108_2_1"> Non-U.S. offices </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DepositsForeign" xlink:to="us-gaap_DepositsForeign_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_DepositsLineItems" xlink:label="gs_DepositsLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_DepositsLineItems_lbl" xml:lang="en-US" id="id_8104553_2192861_3_1"> Deposits [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_DepositsLineItems_lbl" xml:lang="en-US" id="id_8104553_2192861_1_1"> Deposits [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_DepositsLineItems_lbl" xml:lang="en-US" id="id_8104553_2192861_2_1"> Deposits [Line Items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_DepositsLineItems" xlink:to="gs_DepositsLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DepositsMember" xlink:label="us-gaap_DepositsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DepositsMember_lbl" xml:lang="en-US" id="id_8104553_2023040_1_1"> Deposits [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DepositsMember_lbl" xml:lang="en-US" id="id_8104553_2023040_2_1"> Deposits at Fair Value [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DepositsMember" xlink:to="us-gaap_DepositsMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_DepositSweepProgramsMember" xlink:label="gs_DepositSweepProgramsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_DepositSweepProgramsMember_lbl" xml:lang="en-US" id="id_8104553_2386762_3_1"> Deposit Sweep Programs [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_DepositSweepProgramsMember_lbl" xml:lang="en-US" id="id_8104553_2386762_1_1"> Deposit Sweep Programs [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_DepositSweepProgramsMember_lbl" xml:lang="en-US" id="id_8104553_2386762_2_1"> Deposit Sweep Programs [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_DepositSweepProgramsMember" xlink:to="gs_DepositSweepProgramsMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DepreciationAndAmortization" xlink:label="us-gaap_DepreciationAndAmortization"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DepreciationAndAmortization_lbl" xml:lang="en-US" id="id_8104553_2025188_1_1"> Depreciation, Depletion and Amortization, Nonproduction </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DepreciationAndAmortization_lbl" xml:lang="en-US" id="id_8104553_2025188_2_1"> Depreciation and amortization </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DepreciationAndAmortization" xlink:to="us-gaap_DepreciationAndAmortization_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_DepreciationAndAmortizationTableTextBlock" xlink:label="gs_DepreciationAndAmortizationTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_DepreciationAndAmortizationTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2150614_3_1"> Depreciation and amortization. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_DepreciationAndAmortizationTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2150614_1_1"> Depreciation And Amortization [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_DepreciationAndAmortizationTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2150614_2_1"> Depreciation and Amortization </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_DepreciationAndAmortizationTableTextBlock" xlink:to="gs_DepreciationAndAmortizationTableTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DerivativeAssetCollateralObligationToReturnCashOffset" xlink:label="us-gaap_DerivativeAssetCollateralObligationToReturnCashOffset"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DerivativeAssetCollateralObligationToReturnCashOffset_lbl" xml:lang="en-US" id="id_8104553_2026698_1_1"> Derivative Asset, Collateral, Obligation to Return Cash, Offset </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_DerivativeAssetCollateralObligationToReturnCashOffset_lbl" xml:lang="en-US" id="id_8104553_2026698_14_1"> Cash collateral netting </label>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DerivativeAssetFairValueGrossLiability_lbl" xml:lang="en-US" id="id_8104553_2023461_1_1"> Derivative Asset, Fair Value, Gross Liability </label>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection_lbl" xml:lang="en-US" id="id_8104553_2023043_1_1"> Derivative Asset, Fair Value, Offset Against Collateral, Net of Not Subject to Master Netting Arrangement, Policy Election </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection_lbl" xml:lang="en-US" id="id_8104553_2023043_2_1"> Total </label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DerivativeAssetNotSubjectToMasterNettingArrangement" xlink:label="us-gaap_DerivativeAssetNotSubjectToMasterNettingArrangement"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DerivativeAssetNotSubjectToMasterNettingArrangement_lbl" xml:lang="en-US" id="id_8104553_2025425_1_1"> Derivative Asset, Not Subject to Master Netting Arrangement </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DerivativeAssetNotSubjectToMasterNettingArrangement_lbl" xml:lang="en-US" id="id_8104553_2025425_2_1"> Gross Fair Value of Derivative Asset Contracts Not Enforceable </label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DerivativeAssets" xlink:label="us-gaap_DerivativeAssets"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DerivativeAssets_lbl" xml:lang="en-US" id="id_8104553_2021708_1_1"> Derivative Asset </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DerivativeAssets_lbl" xml:lang="en-US" id="id_8104553_2021708_2_1"> Derivative Assets </label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DerivativeCollateralObligationToReturnCash" xlink:label="us-gaap_DerivativeCollateralObligationToReturnCash"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DerivativeCollateralObligationToReturnCash_lbl" xml:lang="en-US" id="id_8104553_2021956_1_1"> Derivative, Collateral, Obligation to Return Cash </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_DerivativeCollateralObligationToReturnCash_lbl" xml:lang="en-US" id="id_8104553_2021956_14_1"> Cash collateral received </label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DerivativeCollateralObligationToReturnSecurities" xlink:label="us-gaap_DerivativeCollateralObligationToReturnSecurities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DerivativeCollateralObligationToReturnSecurities_lbl" xml:lang="en-US" id="id_8104553_2028027_1_1"> Derivative, Collateral, Obligation to Return Securities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_DerivativeCollateralObligationToReturnSecurities_lbl" xml:lang="en-US" id="id_8104553_2028027_14_1"> Securities collateral received </label>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DerivativeCollateralRightToReclaimCash_lbl" xml:lang="en-US" id="id_8104553_2026915_1_1"> Derivative, Collateral, Right to Reclaim Cash </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_DerivativeCollateralRightToReclaimCash_lbl" xml:lang="en-US" id="id_8104553_2026915_14_1"> Cash collateral posted </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeCollateralRightToReclaimCash" xlink:to="us-gaap_DerivativeCollateralRightToReclaimCash_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DerivativeCollateralRightToReclaimSecurities" xlink:label="us-gaap_DerivativeCollateralRightToReclaimSecurities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DerivativeCollateralRightToReclaimSecurities_lbl" xml:lang="en-US" id="id_8104553_2026700_1_1"> Derivative, Collateral, Right to Reclaim Securities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_DerivativeCollateralRightToReclaimSecurities_lbl" xml:lang="en-US" id="id_8104553_2026700_14_1"> Securities collateral posted </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeCollateralRightToReclaimSecurities" xlink:to="us-gaap_DerivativeCollateralRightToReclaimSecurities_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DerivativeContractTypeDomain" xlink:label="us-gaap_DerivativeContractTypeDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DerivativeContractTypeDomain_lbl" xml:lang="en-US" id="id_8104553_2024986_1_1"> Derivative Contract [Domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DerivativeContractTypeDomain_lbl" xml:lang="en-US" id="id_8104553_2024986_2_1"> Derivative Contract [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeContractTypeDomain" xlink:to="us-gaap_DerivativeContractTypeDomain_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DerivativeFairValueOfDerivativeAsset" xlink:label="us-gaap_DerivativeFairValueOfDerivativeAsset"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DerivativeFairValueOfDerivativeAsset_lbl" xml:lang="en-US" id="id_8104553_2026916_1_1"> Derivative Asset, Fair Value, Gross Asset </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DerivativeFairValueOfDerivativeAsset_lbl" xml:lang="en-US" id="id_8104553_2026916_2_1"> Total Gross Fair Value of Derivative Asset Contracts </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeFairValueOfDerivativeAsset" xlink:to="us-gaap_DerivativeFairValueOfDerivativeAsset_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DerivativeFairValueOfDerivativeLiability" xlink:label="us-gaap_DerivativeFairValueOfDerivativeLiability"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DerivativeFairValueOfDerivativeLiability_lbl" xml:lang="en-US" id="id_8104553_2024536_1_1"> Derivative Liability, Fair Value, Gross Liability </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DerivativeFairValueOfDerivativeLiability_lbl" xml:lang="en-US" id="id_8104553_2024536_2_1"> Total Gross Fair Value of Derivative Liability Contracts </label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DerivativeGainLossOnDerivativeNet" xlink:label="us-gaap_DerivativeGainLossOnDerivativeNet"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DerivativeGainLossOnDerivativeNet_lbl" xml:lang="en-US" id="id_8104553_2021483_1_1"> Derivative, Gain (Loss) on Derivative, Net </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DerivativeGainLossOnDerivativeNet_lbl" xml:lang="en-US" id="id_8104553_2021483_2_1"> Derivative Instruments, Gain (Loss) Recognized in Income, Net </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeGainLossOnDerivativeNet" xlink:to="us-gaap_DerivativeGainLossOnDerivativeNet_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_DerivativeGuaranteeMember" xlink:label="gs_DerivativeGuaranteeMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_DerivativeGuaranteeMember_lbl" xml:lang="en-US" id="id_8104553_2354898_3_1"> Derivative guarantee. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_DerivativeGuaranteeMember_lbl" xml:lang="en-US" id="id_8104553_2354898_1_1"> Derivative Guarantee [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_DerivativeGuaranteeMember_lbl" xml:lang="en-US" id="id_8104553_2354898_2_1"> Derivative Guarantee [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_DerivativeGuaranteeMember" xlink:to="gs_DerivativeGuaranteeMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DerivativeInstrumentRiskAxis" xlink:label="us-gaap_DerivativeInstrumentRiskAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DerivativeInstrumentRiskAxis_lbl" xml:lang="en-US" id="id_8104553_2026703_1_1"> Derivative Instrument [Axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DerivativeInstrumentRiskAxis_lbl" xml:lang="en-US" id="id_8104553_2026703_2_1"> Derivative Instrument [Axis] </label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract" xlink:label="us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_lbl" xml:lang="en-US" id="id_8104553_2024325_1_1"> Derivative Instruments and Hedging Activities Disclosure [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_lbl" xml:lang="en-US" id="id_8104553_2024325_2_1"> Derivative Instruments and Hedging Activities Disclosure [Abstract] </label>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock_lbl" xml:lang="en-US" id="id_8104553_2025196_1_1"> Derivative Instruments and Hedging Activities Disclosure [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock_lbl" xml:lang="en-US" id="id_8104553_2025196_2_1"> Derivatives and Hedging Activities </label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis" xlink:label="us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_lbl" xml:lang="en-US" id="id_8104553_2024537_1_1"> Hedging Relationship [Axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_lbl" xml:lang="en-US" id="id_8104553_2024537_2_1"> Hedging Relationship [Axis] </label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet" xlink:label="us-gaap_DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet_lbl" xml:lang="en-US" id="id_8104553_2027363_1_1"> Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet_lbl" xml:lang="en-US" id="id_8104553_2027363_2_1"> Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income, Effective Portion, Net </label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DerivativeLiabilities" xlink:label="us-gaap_DerivativeLiabilities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DerivativeLiabilities_lbl" xml:lang="en-US" id="id_8104553_2026707_1_1"> Derivative Liability </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DerivativeLiabilities_lbl" xml:lang="en-US" id="id_8104553_2026707_2_1"> Derivative Liabilities </label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DerivativeLiabilityCollateralRightToReclaimCashOffset" xlink:label="us-gaap_DerivativeLiabilityCollateralRightToReclaimCashOffset"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DerivativeLiabilityCollateralRightToReclaimCashOffset_lbl" xml:lang="en-US" id="id_8104553_2021959_1_1"> Derivative Liability, Collateral, Right to Reclaim Cash, Offset </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DerivativeLiabilityCollateralRightToReclaimCashOffset_lbl" xml:lang="en-US" id="id_8104553_2021959_2_1"> Cash collateral netting </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_DerivativeLiabilityCollateralRightToReclaimCashOffset_lbl" xml:lang="en-US" id="id_8104553_2021959_14_1"> Cash collateral netting </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeLiabilityCollateralRightToReclaimCashOffset" xlink:to="us-gaap_DerivativeLiabilityCollateralRightToReclaimCashOffset_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DerivativeLiabilityFairValueGrossAsset" xlink:label="us-gaap_DerivativeLiabilityFairValueGrossAsset"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DerivativeLiabilityFairValueGrossAsset_lbl" xml:lang="en-US" id="id_8104553_2026708_1_1"> Derivative Liability, Fair Value, Gross Asset </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_DerivativeLiabilityFairValueGrossAsset_lbl" xml:lang="en-US" id="id_8104553_2026708_14_1"> Offset amounts </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeLiabilityFairValueGrossAsset" xlink:to="us-gaap_DerivativeLiabilityFairValueGrossAsset_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection" xlink:label="us-gaap_DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection_lbl" xml:lang="en-US" id="id_8104553_2023047_1_1"> Derivative Liability, Fair Value, Offset Against Collateral, Net of Not Subject to Master Netting Arrangement, Policy Election </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection_lbl" xml:lang="en-US" id="id_8104553_2023047_2_1"> Total </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection" xlink:to="us-gaap_DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DerivativeLiabilityNotSubjectToMasterNettingArrangement" xlink:label="us-gaap_DerivativeLiabilityNotSubjectToMasterNettingArrangement"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DerivativeLiabilityNotSubjectToMasterNettingArrangement_lbl" xml:lang="en-US" id="id_8104553_2024115_1_1"> Derivative Liability, Not Subject to Master Netting Arrangement </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DerivativeLiabilityNotSubjectToMasterNettingArrangement_lbl" xml:lang="en-US" id="id_8104553_2024115_2_1"> Gross Fair Value of Derivative Liability Contracts Not Enforceable </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeLiabilityNotSubjectToMasterNettingArrangement" xlink:to="us-gaap_DerivativeLiabilityNotSubjectToMasterNettingArrangement_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DerivativeLineItems" xlink:label="us-gaap_DerivativeLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DerivativeLineItems_lbl" xml:lang="en-US" id="id_8104553_2024117_1_1"> Derivative [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DerivativeLineItems_lbl" xml:lang="en-US" id="id_8104553_2024117_2_1"> Derivative [Line Items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeLineItems" xlink:to="us-gaap_DerivativeLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DerivativeMember" xlink:label="us-gaap_DerivativeMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DerivativeMember_lbl" xml:lang="en-US" id="id_8104553_2028030_1_1"> Derivative [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DerivativeMember_lbl" xml:lang="en-US" id="id_8104553_2028030_2_1"> Derivatives [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeMember" xlink:to="us-gaap_DerivativeMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DerivativeNetLiabilityPositionAggregateFairValue" xlink:label="us-gaap_DerivativeNetLiabilityPositionAggregateFairValue"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DerivativeNetLiabilityPositionAggregateFairValue_lbl" xml:lang="en-US" id="id_8104553_2025627_1_1"> Derivative, Net Liability Position, Aggregate Fair Value </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DerivativeNetLiabilityPositionAggregateFairValue_lbl" xml:lang="en-US" id="id_8104553_2025627_2_1"> Aggregate fair value of derivative contracts which are in net liability position </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeNetLiabilityPositionAggregateFairValue" xlink:to="us-gaap_DerivativeNetLiabilityPositionAggregateFairValue_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_DerivativeNotionalAmount" xlink:label="invest_DerivativeNotionalAmount"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="invest_DerivativeNotionalAmount_lbl" xml:lang="en-US" id="id_8104553_2024990_1_1"> Derivative, Notional Amount </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="invest_DerivativeNotionalAmount_lbl" xml:lang="en-US" id="id_8104553_2024990_2_1"> Notional amount </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="invest_DerivativeNotionalAmount" xlink:to="invest_DerivativeNotionalAmount_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_DerivativesByTenorAxis" xlink:label="gs_DerivativesByTenorAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_DerivativesByTenorAxis_lbl" xml:lang="en-US" id="id_8104553_2344750_3_1"> Derivatives By Tenor. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_DerivativesByTenorAxis_lbl" xml:lang="en-US" id="id_8104553_2344750_1_1"> Derivatives By Tenor [Axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_DerivativesByTenorAxis_lbl" xml:lang="en-US" id="id_8104553_2344750_2_1"> Derivatives By Tenor [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_DerivativesByTenorAxis" xlink:to="gs_DerivativesByTenorAxis_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_DerivativesByTenorDomain" xlink:label="gs_DerivativesByTenorDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_DerivativesByTenorDomain_lbl" xml:lang="en-US" id="id_8104553_2273907_3_1"> Derivatives By Tenor [Domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_DerivativesByTenorDomain_lbl" xml:lang="en-US" id="id_8104553_2273907_1_1"> Derivatives By Tenor [Domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_DerivativesByTenorDomain_lbl" xml:lang="en-US" id="id_8104553_2273907_2_1"> Derivatives By Tenor [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_DerivativesByTenorDomain" xlink:to="gs_DerivativesByTenorDomain_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_DerivativesByTenorOneMember" xlink:label="gs_DerivativesByTenorOneMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_DerivativesByTenorOneMember_lbl" xml:lang="en-US" id="id_8104553_2147685_3_1"> Derivatives By Tenor One [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_DerivativesByTenorOneMember_lbl" xml:lang="en-US" id="id_8104553_2147685_1_1"> Derivatives By Tenor One [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_DerivativesByTenorOneMember_lbl" xml:lang="en-US" id="id_8104553_2147685_2_1"> Less than 1 Year [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_DerivativesByTenorOneMember" xlink:to="gs_DerivativesByTenorOneMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_DerivativesByTenorThreeMember" xlink:label="gs_DerivativesByTenorThreeMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_DerivativesByTenorThreeMember_lbl" xml:lang="en-US" id="id_8104553_2243851_3_1"> Derivatives By Tenor Three [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_DerivativesByTenorThreeMember_lbl" xml:lang="en-US" id="id_8104553_2243851_1_1"> Derivatives By Tenor Three [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_DerivativesByTenorThreeMember_lbl" xml:lang="en-US" id="id_8104553_2243851_2_1"> Greater than 5 Years [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_DerivativesByTenorThreeMember" xlink:to="gs_DerivativesByTenorThreeMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_DerivativesByTenorTwoMember" xlink:label="gs_DerivativesByTenorTwoMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_DerivativesByTenorTwoMember_lbl" xml:lang="en-US" id="id_8104553_2159561_3_1"> Derivatives By Tenor Two [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_DerivativesByTenorTwoMember_lbl" xml:lang="en-US" id="id_8104553_2159561_1_1"> Derivatives By Tenor Two [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_DerivativesByTenorTwoMember_lbl" xml:lang="en-US" id="id_8104553_2159561_2_1"> 1 - 5 Years [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_DerivativesByTenorTwoMember" xlink:to="gs_DerivativesByTenorTwoMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_DerivativesCreditRiskGainsLossesNet" xlink:label="gs_DerivativesCreditRiskGainsLossesNet"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_DerivativesCreditRiskGainsLossesNet_lbl" xml:lang="en-US" id="id_8104553_2259490_3_1"> This item represents the estimated gains or losses, including hedges, included in earnings attributable to the impact of changes in credit exposure and credit spreads on derivative contracts (including derivative assets and liabilities and related hedges). </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_DerivativesCreditRiskGainsLossesNet_lbl" xml:lang="en-US" id="id_8104553_2259490_1_1"> Derivatives Credit Risk Gains Losses Net </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_DerivativesCreditRiskGainsLossesNet_lbl" xml:lang="en-US" id="id_8104553_2259490_2_1"> Net Gains (Losses), Including Hedges, Attributable to the Impact of Changes in Credit Exposure and Credit Spreads on Derivative Contracts </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_DerivativesCreditRiskGainsLossesNet" xlink:to="gs_DerivativesCreditRiskGainsLossesNet_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_DerivativesCreditRiskRelatedContingentFeaturesTableTextBlock" xlink:label="gs_DerivativesCreditRiskRelatedContingentFeaturesTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_DerivativesCreditRiskRelatedContingentFeaturesTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2151002_3_1"> Derivatives credit risk related contingent features. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_DerivativesCreditRiskRelatedContingentFeaturesTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2151002_1_1"> Derivatives Credit Risk Related Contingent Features Table [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_DerivativesCreditRiskRelatedContingentFeaturesTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2151002_2_1"> Derivatives with Credit-Related Contingent Features </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_DerivativesCreditRiskRelatedContingentFeaturesTableTextBlock" xlink:to="gs_DerivativesCreditRiskRelatedContingentFeaturesTableTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_DerivativesMaximumExposureToLossMember" xlink:label="gs_DerivativesMaximumExposureToLossMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_DerivativesMaximumExposureToLossMember_lbl" xml:lang="en-US" id="id_8104553_2297322_3_1"> Derivatives, maximum exposure to loss. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_DerivativesMaximumExposureToLossMember_lbl" xml:lang="en-US" id="id_8104553_2297322_1_1"> Derivatives Maximum Exposure To Loss [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_DerivativesMaximumExposureToLossMember_lbl" xml:lang="en-US" id="id_8104553_2297322_2_1"> Derivatives, Maximum Exposure to Loss [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_DerivativesMaximumExposureToLossMember" xlink:to="gs_DerivativesMaximumExposureToLossMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_DerivativesMember" xlink:label="gs_DerivativesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_DerivativesMember_lbl" xml:lang="en-US" id="id_8104553_2173115_3_1"> Derivatives [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_DerivativesMember_lbl" xml:lang="en-US" id="id_8104553_2173115_1_1"> Derivatives [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_DerivativesMember_lbl" xml:lang="en-US" id="id_8104553_2173115_2_1"> Derivatives [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_DerivativesMember" xlink:to="gs_DerivativesMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DerivativeTable" xlink:label="us-gaap_DerivativeTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DerivativeTable_lbl" xml:lang="en-US" id="id_8104553_2023239_1_1"> Derivative [Table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DerivativeTable_lbl" xml:lang="en-US" id="id_8104553_2023239_2_1"> Derivative [Table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeTable" xlink:to="us-gaap_DerivativeTable_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_DerivativeTransactionsAndCommitmentsWithViesToWhichFirmTransferredAssets" xlink:label="gs_DerivativeTransactionsAndCommitmentsWithViesToWhichFirmTransferredAssets"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_DerivativeTransactionsAndCommitmentsWithViesToWhichFirmTransferredAssets_lbl" xml:lang="en-US" id="id_8104553_2366916_3_1"> Derivative transactions and commitments with VIEs to which the firm transferred assets. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_DerivativeTransactionsAndCommitmentsWithViesToWhichFirmTransferredAssets_lbl" xml:lang="en-US" id="id_8104553_2366916_1_1"> Derivative Transactions And Commitments With Vies To Which Firm Transferred Assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_DerivativeTransactionsAndCommitmentsWithViesToWhichFirmTransferredAssets_lbl" xml:lang="en-US" id="id_8104553_2366916_2_1"> Commitments and guarantees and derivative transactions with VIEs to which the firm transferred assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_DerivativeTransactionsAndCommitmentsWithViesToWhichFirmTransferredAssets" xlink:to="gs_DerivativeTransactionsAndCommitmentsWithViesToWhichFirmTransferredAssets_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DesignatedAsHedgingInstrumentMember" xlink:label="us-gaap_DesignatedAsHedgingInstrumentMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DesignatedAsHedgingInstrumentMember_lbl" xml:lang="en-US" id="id_8104553_2022373_1_1"> Designated as Hedging Instrument [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DesignatedAsHedgingInstrumentMember_lbl" xml:lang="en-US" id="id_8104553_2022373_2_1"> Derivative Contracts Accounted for as Hedges [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DesignatedAsHedgingInstrumentMember" xlink:to="us-gaap_DesignatedAsHedgingInstrumentMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DilutiveSecuritiesAbstract" xlink:label="us-gaap_DilutiveSecuritiesAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DilutiveSecuritiesAbstract_lbl" xml:lang="en-US" id="id_8104553_2024332_1_1"> Dilutive Securities, Effect on Basic Earnings Per Share [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DilutiveSecuritiesAbstract_lbl" xml:lang="en-US" id="id_8104553_2024332_2_1"> Effect of dilutive securities: </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DilutiveSecuritiesAbstract" xlink:to="us-gaap_DilutiveSecuritiesAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DisclosureOfCreditDerivativesTextBlock" xlink:label="us-gaap_DisclosureOfCreditDerivativesTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DisclosureOfCreditDerivativesTextBlock_lbl" xml:lang="en-US" id="id_8104553_2024334_1_1"> Disclosure of Credit Derivatives [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DisclosureOfCreditDerivativesTextBlock_lbl" xml:lang="en-US" id="id_8104553_2024334_2_1"> Credit Derivatives </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DisclosureOfCreditDerivativesTextBlock" xlink:to="us-gaap_DisclosureOfCreditDerivativesTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_DisgorgementAndCivilPenaltyAmountRelatedToSettlementOfSecAction" xlink:label="gs_DisgorgementAndCivilPenaltyAmountRelatedToSettlementOfSecAction"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_DisgorgementAndCivilPenaltyAmountRelatedToSettlementOfSecAction_lbl" xml:lang="en-US" id="id_8104553_2218935_3_1"> Disgorgement and civil penalty amount related to the settlement to resolve the SEC's action against GS&Co. in connection with a CDO offering made in early 2007. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_DisgorgementAndCivilPenaltyAmountRelatedToSettlementOfSecAction_lbl" xml:lang="en-US" id="id_8104553_2218935_1_1"> Disgorgement And Civil Penalty Amount Related To Settlement Of Sec Action </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_DisgorgementAndCivilPenaltyAmountRelatedToSettlementOfSecAction_lbl" xml:lang="en-US" id="id_8104553_2218935_2_1"> Mortgage-Related Matters. Disgorgement and civil penalty amount related to settlement of SEC action </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_DisgorgementAndCivilPenaltyAmountRelatedToSettlementOfSecAction" xlink:to="gs_DisgorgementAndCivilPenaltyAmountRelatedToSettlementOfSecAction_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DividendPayableDateToBePaidDayMonthAndYear" xlink:label="us-gaap_DividendPayableDateToBePaidDayMonthAndYear"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DividendPayableDateToBePaidDayMonthAndYear_lbl" xml:lang="en-US" id="id_8104553_2026936_1_1"> Dividends Payable, Date to be Paid </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DividendPayableDateToBePaidDayMonthAndYear_lbl" xml:lang="en-US" id="id_8104553_2026936_2_1"> Dividends payable date to be paid </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DividendPayableDateToBePaidDayMonthAndYear" xlink:to="us-gaap_DividendPayableDateToBePaidDayMonthAndYear_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_DividendsAndDividendEquivalentsDeclaredOnCommonStockAndShareBasedAwards" xlink:label="gs_DividendsAndDividendEquivalentsDeclaredOnCommonStockAndShareBasedAwards"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_DividendsAndDividendEquivalentsDeclaredOnCommonStockAndShareBasedAwards_lbl" xml:lang="en-US" id="id_8104553_2364436_3_1"> Dividends and dividend equivalents declared on common stock and share based awards. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_DividendsAndDividendEquivalentsDeclaredOnCommonStockAndShareBasedAwards_lbl" xml:lang="en-US" id="id_8104553_2364436_1_1"> Dividends And Dividend Equivalents Declared On Common Stock And Share Based Awards </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="gs_DividendsAndDividendEquivalentsDeclaredOnCommonStockAndShareBasedAwards_lbl" xml:lang="en-US" id="id_8104553_2364436_14_1"> Dividends and dividend equivalents declared on common stock and share-based awards </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_DividendsAndDividendEquivalentsDeclaredOnCommonStockAndShareBasedAwards" xlink:to="gs_DividendsAndDividendEquivalentsDeclaredOnCommonStockAndShareBasedAwards_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DividendsPayableDateDeclaredDayMonthAndYear" xlink:label="us-gaap_DividendsPayableDateDeclaredDayMonthAndYear"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DividendsPayableDateDeclaredDayMonthAndYear_lbl" xml:lang="en-US" id="id_8104553_2027156_1_1"> Dividends Payable, Date Declared </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DividendsPayableDateDeclaredDayMonthAndYear_lbl" xml:lang="en-US" id="id_8104553_2027156_2_1"> Dividends payable date declared </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DividendsPayableDateDeclaredDayMonthAndYear" xlink:to="us-gaap_DividendsPayableDateDeclaredDayMonthAndYear_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DividendsPayableDateOfRecordDayMonthAndYear" xlink:label="us-gaap_DividendsPayableDateOfRecordDayMonthAndYear"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DividendsPayableDateOfRecordDayMonthAndYear_lbl" xml:lang="en-US" id="id_8104553_2027394_1_1"> Dividends Payable, Date of Record </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DividendsPayableDateOfRecordDayMonthAndYear_lbl" xml:lang="en-US" id="id_8104553_2027394_2_1"> Dividends payable date of record </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DividendsPayableDateOfRecordDayMonthAndYear" xlink:to="us-gaap_DividendsPayableDateOfRecordDayMonthAndYear_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DividendsPreferredStock" xlink:label="us-gaap_DividendsPreferredStock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DividendsPreferredStock_lbl" xml:lang="en-US" id="id_8104553_2027590_1_1"> Dividends, Preferred Stock </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DividendsPreferredStock_lbl" xml:lang="en-US" id="id_8104553_2027590_2_1"> Total preferred stock dividends declared </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_DividendsPreferredStock_lbl" xml:lang="en-US" id="id_8104553_2027590_14_1"> Dividends declared on preferred stock </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DividendsPreferredStock" xlink:to="us-gaap_DividendsPreferredStock_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_DocumentAndEntityInformationAbstract" xlink:label="gs_DocumentAndEntityInformationAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_DocumentAndEntityInformationAbstract_lbl" xml:lang="en-US" id="id_8104553_2260742_3_1"> Document and Entity Information [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_DocumentAndEntityInformationAbstract_lbl" xml:lang="en-US" id="id_8104553_2260742_1_1"> Document And Entity Information [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_DocumentAndEntityInformationAbstract_lbl" xml:lang="en-US" id="id_8104553_2260742_2_1"> Document And Entity Information [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_DocumentAndEntityInformationAbstract" xlink:to="gs_DocumentAndEntityInformationAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentFiscalPeriodFocus" xlink:label="dei_DocumentFiscalPeriodFocus"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentFiscalPeriodFocus_lbl" xml:lang="en-US" id="id_8104553_2025647_1_1"> Document Fiscal Period Focus </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_DocumentFiscalPeriodFocus_lbl" xml:lang="en-US" id="id_8104553_2025647_2_1"> Document Fiscal Period Focus </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentFiscalPeriodFocus" xlink:to="dei_DocumentFiscalPeriodFocus_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentFiscalYearFocus" xlink:label="dei_DocumentFiscalYearFocus"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentFiscalYearFocus_lbl" xml:lang="en-US" id="id_8104553_2024142_1_1"> Document Fiscal Year Focus </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_DocumentFiscalYearFocus_lbl" xml:lang="en-US" id="id_8104553_2024142_2_1"> Document Fiscal Year Focus </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentFiscalYearFocus" xlink:to="dei_DocumentFiscalYearFocus_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentPeriodEndDate" xlink:label="dei_DocumentPeriodEndDate"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentPeriodEndDate_lbl" xml:lang="en-US" id="id_8104553_2023078_1_1"> Document Period End Date </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_DocumentPeriodEndDate_lbl" xml:lang="en-US" id="id_8104553_2023078_2_1"> Document Period End Date </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentPeriodEndDate" xlink:to="dei_DocumentPeriodEndDate_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentType" xlink:label="dei_DocumentType"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentType_lbl" xml:lang="en-US" id="id_8104553_2022383_1_1"> Document Type </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_DocumentType_lbl" xml:lang="en-US" id="id_8104553_2022383_2_1"> Document Type </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentType" xlink:to="dei_DocumentType_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DomesticCountryMember" xlink:label="us-gaap_DomesticCountryMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DomesticCountryMember_lbl" xml:lang="en-US" id="id_8104553_2024782_1_1"> Domestic Tax Authority [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DomesticCountryMember_lbl" xml:lang="en-US" id="id_8104553_2024782_2_1"> U.S. Federal [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DomesticCountryMember" xlink:to="us-gaap_DomesticCountryMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EarningsPerShareAbstract" xlink:label="us-gaap_EarningsPerShareAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EarningsPerShareAbstract_lbl" xml:lang="en-US" id="id_8104553_2022611_1_1"> Earnings Per Share [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_EarningsPerShareAbstract_lbl" xml:lang="en-US" id="id_8104553_2022611_2_1"> Earnings per common share </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EarningsPerShareAbstract" xlink:to="us-gaap_EarningsPerShareAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EarningsPerShareBasic" xlink:label="us-gaap_EarningsPerShareBasic"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EarningsPerShareBasic_lbl" xml:lang="en-US" id="id_8104553_2024783_1_1"> Earnings Per Share, Basic </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_EarningsPerShareBasic_lbl" xml:lang="en-US" id="id_8104553_2024783_2_1"> Basic </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_EarningsPerShareBasic_lbl" xml:lang="en-US" id="id_8104553_2024783_12_1"> Basic EPS </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EarningsPerShareBasic" xlink:to="us-gaap_EarningsPerShareBasic_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EarningsPerShareDiluted" xlink:label="us-gaap_EarningsPerShareDiluted"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EarningsPerShareDiluted_lbl" xml:lang="en-US" id="id_8104553_2025654_1_1"> Earnings Per Share, Diluted </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_EarningsPerShareDiluted_lbl" xml:lang="en-US" id="id_8104553_2025654_2_1"> Diluted </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_EarningsPerShareDiluted_lbl" xml:lang="en-US" id="id_8104553_2025654_12_1"> Diluted EPS </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EarningsPerShareDiluted" xlink:to="us-gaap_EarningsPerShareDiluted_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EarningsPerSharePolicyTextBlock" xlink:label="us-gaap_EarningsPerSharePolicyTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EarningsPerSharePolicyTextBlock_lbl" xml:lang="en-US" id="id_8104553_2025461_1_1"> Earnings Per Share, Policy [Policy Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_EarningsPerSharePolicyTextBlock_lbl" xml:lang="en-US" id="id_8104553_2025461_2_1"> Earnings Per Share Policy </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EarningsPerSharePolicyTextBlock" xlink:to="us-gaap_EarningsPerSharePolicyTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EarningsPerShareTextBlock" xlink:label="us-gaap_EarningsPerShareTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EarningsPerShareTextBlock_lbl" xml:lang="en-US" id="id_8104553_2027799_1_1"> Earnings Per Share [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_EarningsPerShareTextBlock_lbl" xml:lang="en-US" id="id_8104553_2027799_2_1"> Earnings Per Common Share </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EarningsPerShareTextBlock" xlink:to="us-gaap_EarningsPerShareTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_EffectiveWeightedAverageInterestRatesForUnsecuredLongTermBorrowingsAfterHedging" xlink:label="gs_EffectiveWeightedAverageInterestRatesForUnsecuredLongTermBorrowingsAfterHedging"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_EffectiveWeightedAverageInterestRatesForUnsecuredLongTermBorrowingsAfterHedging_lbl" xml:lang="en-US" id="id_8104553_2109345_3_1"> The effective weighted average interest rate for total unsecured long-term borrowings, after hedging. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_EffectiveWeightedAverageInterestRatesForUnsecuredLongTermBorrowingsAfterHedging_lbl" xml:lang="en-US" id="id_8104553_2109345_1_1"> Effective Weighted Average Interest Rates For Unsecured Long Term Borrowings After Hedging </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_EffectiveWeightedAverageInterestRatesForUnsecuredLongTermBorrowingsAfterHedging_lbl" xml:lang="en-US" id="id_8104553_2109345_2_1"> Effective weighted average interest rates for unsecured long-term borrowings, after hedging - total </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_EffectiveWeightedAverageInterestRatesForUnsecuredLongTermBorrowingsAfterHedging" xlink:to="gs_EffectiveWeightedAverageInterestRatesForUnsecuredLongTermBorrowingsAfterHedging_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_EffectiveWeightedAverageInterestRatesForUnsecuredLongTermBorrowingsAfterHedgingFixedRateObligations" xlink:label="gs_EffectiveWeightedAverageInterestRatesForUnsecuredLongTermBorrowingsAfterHedgingFixedRateObligations"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_EffectiveWeightedAverageInterestRatesForUnsecuredLongTermBorrowingsAfterHedgingFixedRateObligations_lbl" xml:lang="en-US" id="id_8104553_2146869_3_1"> The effective weighted average interest rate for fixed-rate unsecured long-term borrowings, after hedging. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_EffectiveWeightedAverageInterestRatesForUnsecuredLongTermBorrowingsAfterHedgingFixedRateObligations_lbl" xml:lang="en-US" id="id_8104553_2146869_1_1"> Effective Weighted Average Interest Rates For Unsecured Long Term Borrowings After Hedging Fixed Rate Obligations </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_EffectiveWeightedAverageInterestRatesForUnsecuredLongTermBorrowingsAfterHedgingFixedRateObligations_lbl" xml:lang="en-US" id="id_8104553_2146869_2_1"> Effective weighted average interest rates for unsecured long-term borrowings, after hedging fixed rate obligations </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_EffectiveWeightedAverageInterestRatesForUnsecuredLongTermBorrowingsAfterHedgingFixedRateObligations" xlink:to="gs_EffectiveWeightedAverageInterestRatesForUnsecuredLongTermBorrowingsAfterHedgingFixedRateObligations_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_EffectiveWeightedAverageInterestRatesForUnsecuredLongTermBorrowingsAfterHedgingVariableRateObligations" xlink:label="gs_EffectiveWeightedAverageInterestRatesForUnsecuredLongTermBorrowingsAfterHedgingVariableRateObligations"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_EffectiveWeightedAverageInterestRatesForUnsecuredLongTermBorrowingsAfterHedgingVariableRateObligations_lbl" xml:lang="en-US" id="id_8104553_2183401_3_1"> The effective weighted average interest rate for variable-rate unsecured long-term borrowings, after hedging. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_EffectiveWeightedAverageInterestRatesForUnsecuredLongTermBorrowingsAfterHedgingVariableRateObligations_lbl" xml:lang="en-US" id="id_8104553_2183401_1_1"> Effective Weighted Average Interest Rates For Unsecured Long Term Borrowings After Hedging Variable Rate Obligations </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_EffectiveWeightedAverageInterestRatesForUnsecuredLongTermBorrowingsAfterHedgingVariableRateObligations_lbl" xml:lang="en-US" id="id_8104553_2183401_2_1"> Effective weighted average interest rates for unsecured long-term borrowings, after hedging - floating rate obligations </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_EffectiveWeightedAverageInterestRatesForUnsecuredLongTermBorrowingsAfterHedgingVariableRateObligations" xlink:to="gs_EffectiveWeightedAverageInterestRatesForUnsecuredLongTermBorrowingsAfterHedgingVariableRateObligations_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EmbeddedDerivativeFairValueOfEmbeddedDerivativeAsset" xlink:label="us-gaap_EmbeddedDerivativeFairValueOfEmbeddedDerivativeAsset"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EmbeddedDerivativeFairValueOfEmbeddedDerivativeAsset_lbl" xml:lang="en-US" id="id_8104553_2024564_1_1"> Embedded Derivative, Fair Value of Embedded Derivative Asset </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_EmbeddedDerivativeFairValueOfEmbeddedDerivativeAsset_lbl" xml:lang="en-US" id="id_8104553_2024564_2_1"> Embedded Derivative, Fair Value of Embedded Derivative Asset </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EmbeddedDerivativeFairValueOfEmbeddedDerivativeAsset" xlink:to="us-gaap_EmbeddedDerivativeFairValueOfEmbeddedDerivativeAsset_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability" xlink:label="us-gaap_EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability_lbl" xml:lang="en-US" id="id_8104553_2026105_1_1"> Embedded Derivative, Fair Value of Embedded Derivative Liability </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability_lbl" xml:lang="en-US" id="id_8104553_2026105_2_1"> Embedded Derivative, Fair Value of Embedded Derivative Liability </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability" xlink:to="us-gaap_EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EmbeddedDerivativeFairValueOfEmbeddedDerivativeNet" xlink:label="us-gaap_EmbeddedDerivativeFairValueOfEmbeddedDerivativeNet"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EmbeddedDerivativeFairValueOfEmbeddedDerivativeNet_lbl" xml:lang="en-US" id="id_8104553_2024349_1_1"> Embedded Derivative, Fair Value of Embedded Derivative, Net </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:label="us-gaap_EmbeddedDerivativeFairValueOfEmbeddedDerivativeNet_lbl" xml:lang="en-US" id="id_8104553_2024349_19_1"> Embedded Derivative, Fair Value of Embedded Derivative, Net Liability </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EmbeddedDerivativeFairValueOfEmbeddedDerivativeNet" xlink:to="us-gaap_EmbeddedDerivativeFairValueOfEmbeddedDerivativeNet_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EmbeddedDerivativeFinancialInstrumentsMember" xlink:label="us-gaap_EmbeddedDerivativeFinancialInstrumentsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EmbeddedDerivativeFinancialInstrumentsMember_lbl" xml:lang="en-US" id="id_8104553_2023498_1_1"> Embedded Derivative Financial Instruments [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_EmbeddedDerivativeFinancialInstrumentsMember_lbl" xml:lang="en-US" id="id_8104553_2023498_2_1"> Embedded Derivatives Classified In Debt [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EmbeddedDerivativeFinancialInstrumentsMember" xlink:to="us-gaap_EmbeddedDerivativeFinancialInstrumentsMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet" xlink:label="us-gaap_EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet_lbl" xml:lang="en-US" id="id_8104553_2027404_1_1"> Embedded Derivative, Gain (Loss) on Embedded Derivative, Net </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet_lbl" xml:lang="en-US" id="id_8104553_2027404_2_1"> Gains/(Losses) on the embedded derivative component of hybrid financial instruments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet" xlink:to="us-gaap_EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EMEAMember" xlink:label="us-gaap_EMEAMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EMEAMember_lbl" xml:lang="en-US" id="id_8104553_2035399_1_1"> EMEA [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_EMEAMember_lbl" xml:lang="en-US" id="id_8104553_2035399_2_1"> Europe, Middle East and Africa [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EMEAMember" xlink:to="us-gaap_EMEAMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_EmployeeInterestsInConsolidatedFunds" xlink:label="gs_EmployeeInterestsInConsolidatedFunds"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_EmployeeInterestsInConsolidatedFunds_lbl" xml:lang="en-US" id="id_8104553_2374384_3_1"> Employee interests in consolidated funds. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_EmployeeInterestsInConsolidatedFunds_lbl" xml:lang="en-US" id="id_8104553_2374384_1_1"> Employee Interests In Consolidated Funds </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_EmployeeInterestsInConsolidatedFunds_lbl" xml:lang="en-US" id="id_8104553_2374384_2_1"> Employee interests in consolidated funds </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_EmployeeInterestsInConsolidatedFunds" xlink:to="gs_EmployeeInterestsInConsolidatedFunds_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EmployeeRelatedLiabilitiesCurrentAndNoncurrent" xlink:label="us-gaap_EmployeeRelatedLiabilitiesCurrentAndNoncurrent"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EmployeeRelatedLiabilitiesCurrentAndNoncurrent_lbl" xml:lang="en-US" id="id_8104553_2023926_1_1"> Employee-related Liabilities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_EmployeeRelatedLiabilitiesCurrentAndNoncurrent_lbl" xml:lang="en-US" id="id_8104553_2023926_2_1"> Compensation and benefits </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EmployeeRelatedLiabilitiesCurrentAndNoncurrent" xlink:to="us-gaap_EmployeeRelatedLiabilitiesCurrentAndNoncurrent_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityCentralIndexKey" xlink:label="dei_EntityCentralIndexKey"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityCentralIndexKey_lbl" xml:lang="en-US" id="id_8104553_2022397_1_1"> Entity Central Index Key </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_EntityCentralIndexKey_lbl" xml:lang="en-US" id="id_8104553_2022397_2_1"> Entity Central Index Key </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCentralIndexKey" xlink:to="dei_EntityCentralIndexKey_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityCommonStockSharesOutstanding" xlink:label="dei_EntityCommonStockSharesOutstanding"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityCommonStockSharesOutstanding_lbl" xml:lang="en-US" id="id_8104553_2025882_1_1"> Entity Common Stock, Shares Outstanding </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_EntityCommonStockSharesOutstanding_lbl" xml:lang="en-US" id="id_8104553_2025882_2_1"> Entity Common Stock, Shares Outstanding </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCommonStockSharesOutstanding" xlink:to="dei_EntityCommonStockSharesOutstanding_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="dei_EntityDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityDomain_lbl" xml:lang="en-US" id="id_8104553_2026748_1_1"> Entity [Domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_EntityDomain_lbl" xml:lang="en-US" id="id_8104553_2026748_2_1"> Entity [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityDomain" xlink:to="dei_EntityDomain_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityFilerCategory" xlink:label="dei_EntityFilerCategory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityFilerCategory_lbl" xml:lang="en-US" id="id_8104553_2025883_1_1"> Entity Filer Category </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_EntityFilerCategory_lbl" xml:lang="en-US" id="id_8104553_2025883_2_1"> Entity Filer Category </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityFilerCategory" xlink:to="dei_EntityFilerCategory_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityRegistrantName" xlink:label="dei_EntityRegistrantName"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityRegistrantName_lbl" xml:lang="en-US" id="id_8104553_2021744_1_1"> Entity Registrant Name </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_EntityRegistrantName_lbl" xml:lang="en-US" id="id_8104553_2021744_2_1"> Entity Registrant Name </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityRegistrantName" xlink:to="dei_EntityRegistrantName_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EquityAbstract" xlink:label="us-gaap_EquityAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EquityAbstract_lbl" xml:lang="en-US" id="id_8104553_2025026_1_1"> Equity [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_EquityAbstract_lbl" xml:lang="en-US" id="id_8104553_2025026_2_1"> Equity [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EquityAbstract" xlink:to="us-gaap_EquityAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EquityComponentDomain" xlink:label="us-gaap_EquityComponentDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EquityComponentDomain_lbl" xml:lang="en-US" id="id_8104553_2027813_1_1"> Equity Component [Domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_EquityComponentDomain_lbl" xml:lang="en-US" id="id_8104553_2027813_2_1"> Equity Component [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EquityComponentDomain" xlink:to="us-gaap_EquityComponentDomain_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EquityContractMember" xlink:label="us-gaap_EquityContractMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EquityContractMember_lbl" xml:lang="en-US" id="id_8104553_2023510_1_1"> Equity Contract [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_EquityContractMember_lbl" xml:lang="en-US" id="id_8104553_2023510_2_1"> Equity Contract [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EquityContractMember" xlink:to="us-gaap_EquityContractMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_EquityInvestmentsMember" xlink:label="gs_EquityInvestmentsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_EquityInvestmentsMember_lbl" xml:lang="en-US" id="id_8104553_2150304_3_1"> Equity Investments [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_EquityInvestmentsMember_lbl" xml:lang="en-US" id="id_8104553_2150304_1_1"> Equity Investments [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_EquityInvestmentsMember_lbl" xml:lang="en-US" id="id_8104553_2150304_2_1"> Equity Investments [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_EquityInvestmentsMember" xlink:to="gs_EquityInvestmentsMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_EquityLineItems" xlink:label="gs_EquityLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_EquityLineItems_lbl" xml:lang="en-US" id="id_8104553_2067369_3_1"> Equity [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_EquityLineItems_lbl" xml:lang="en-US" id="id_8104553_2067369_1_1"> Equity [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_EquityLineItems_lbl" xml:lang="en-US" id="id_8104553_2067369_2_1"> Equity [Line Items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_EquityLineItems" xlink:to="gs_EquityLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EquityMember" xlink:label="us-gaap_EquityMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EquityMember_lbl" xml:lang="en-US" id="id_8104553_2021748_1_1"> Equity [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_EquityMember_lbl" xml:lang="en-US" id="id_8104553_2021748_2_1"> Equities [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EquityMember" xlink:to="us-gaap_EquityMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EquityMethodInvestments" xlink:label="us-gaap_EquityMethodInvestments"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EquityMethodInvestments_lbl" xml:lang="en-US" id="id_8104553_2026123_1_1"> Equity Method Investments </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_EquityMethodInvestments_lbl" xml:lang="en-US" id="id_8104553_2026123_2_1"> Equity-method investments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EquityMethodInvestments" xlink:to="us-gaap_EquityMethodInvestments_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_EquityMethodInvestmentsAtFairValueUnderFairValueOption" xlink:label="gs_EquityMethodInvestmentsAtFairValueUnderFairValueOption"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_EquityMethodInvestmentsAtFairValueUnderFairValueOption_lbl" xml:lang="en-US" id="id_8104553_2129828_3_1"> This item represents investments where the firm has significant influence over the investee that are accounted for at fair value under the fair value option. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_EquityMethodInvestmentsAtFairValueUnderFairValueOption_lbl" xml:lang="en-US" id="id_8104553_2129828_1_1"> Equity Method Investments At Fair Value Under Fair Value Option </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_EquityMethodInvestmentsAtFairValueUnderFairValueOption_lbl" xml:lang="en-US" id="id_8104553_2129828_2_1"> Investments accounted for at fair value excluded from equity-method investments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_EquityMethodInvestmentsAtFairValueUnderFairValueOption" xlink:to="gs_EquityMethodInvestmentsAtFairValueUnderFairValueOption_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EquityMethodInvestmentsPolicy" xlink:label="us-gaap_EquityMethodInvestmentsPolicy"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EquityMethodInvestmentsPolicy_lbl" xml:lang="en-US" id="id_8104553_2026306_1_1"> Equity Method Investments, Policy [Policy Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_EquityMethodInvestmentsPolicy_lbl" xml:lang="en-US" id="id_8104553_2026306_2_1"> Equity Method Investments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EquityMethodInvestmentsPolicy" xlink:to="us-gaap_EquityMethodInvestmentsPolicy_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EquitySecuritiesMember" xlink:label="us-gaap_EquitySecuritiesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EquitySecuritiesMember_lbl" xml:lang="en-US" id="id_8104553_2023102_1_1"> Equity Securities [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_EquitySecuritiesMember_lbl" xml:lang="en-US" id="id_8104553_2023102_2_1"> Equities and Convertible Debentures [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EquitySecuritiesMember" xlink:to="us-gaap_EquitySecuritiesMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_EquityTable" xlink:label="gs_EquityTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_EquityTable_lbl" xml:lang="en-US" id="id_8104553_2052612_3_1"> Equity [Table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_EquityTable_lbl" xml:lang="en-US" id="id_8104553_2052612_1_1"> Equity [Table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_EquityTable_lbl" xml:lang="en-US" id="id_8104553_2052612_2_1"> Equity [Table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_EquityTable" xlink:to="gs_EquityTable_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_EstimatedFairValueOfLiabilitiesOfLendingCommitmentsHeldForInvestment" xlink:label="gs_EstimatedFairValueOfLiabilitiesOfLendingCommitmentsHeldForInvestment"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_EstimatedFairValueOfLiabilitiesOfLendingCommitmentsHeldForInvestment_lbl" xml:lang="en-US" id="id_8104553_2312252_3_1"> Estimated fair value of the liabilities of lending commitments held-for-investment. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_EstimatedFairValueOfLiabilitiesOfLendingCommitmentsHeldForInvestment_lbl" xml:lang="en-US" id="id_8104553_2312252_1_1"> Estimated Fair Value Of Liabilities Of Lending Commitments Held For Investment </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_EstimatedFairValueOfLiabilitiesOfLendingCommitmentsHeldForInvestment_lbl" xml:lang="en-US" id="id_8104553_2312252_2_1"> Estimated fair value of the liabilities relating to lending commitments held for investment </label>
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<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_ExcessAmountDepositedByFirmsDepositoryInstitutionSubsidiariesHeldAtFederalReserveBank" xlink:label="gs_ExcessAmountDepositedByFirmsDepositoryInstitutionSubsidiariesHeldAtFederalReserveBank"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_ExcessAmountDepositedByFirmsDepositoryInstitutionSubsidiariesHeldAtFederalReserveBank_lbl" xml:lang="en-US" id="id_8104553_2377944_3_1"> Excess amount deposited by GS Bank held at the Federal Reserve Bank of New York. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_ExcessAmountDepositedByFirmsDepositoryInstitutionSubsidiariesHeldAtFederalReserveBank_lbl" xml:lang="en-US" id="id_8104553_2377944_1_1"> Excess Amount Deposited By Firms Depository Institution Subsidiaries Held At Federal Reserve Bank </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_ExcessAmountDepositedByFirmsDepositoryInstitutionSubsidiariesHeldAtFederalReserveBank_lbl" xml:lang="en-US" id="id_8104553_2377944_2_1"> Excess amount deposited by GS Bank USA held at the Federal Reserve Bank of New York </label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities" xlink:label="us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities_lbl" xml:lang="en-US" id="id_8104553_2022224_1_1"> Excess Tax Benefit from Share-based Compensation, Financing Activities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities_lbl" xml:lang="en-US" id="id_8104553_2022224_2_1"> Excess tax benefit related to share-based awards </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities" xlink:to="us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ExchangeClearedMember" xlink:label="us-gaap_ExchangeClearedMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ExchangeClearedMember_lbl" xml:lang="en-US" id="id_8104553_2027608_1_1"> Exchange Cleared [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ExchangeClearedMember_lbl" xml:lang="en-US" id="id_8104553_2027608_2_1"> OTC-Cleared [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ExchangeClearedMember" xlink:to="us-gaap_ExchangeClearedMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ExchangeTradedMember" xlink:label="us-gaap_ExchangeTradedMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ExchangeTradedMember_lbl" xml:lang="en-US" id="id_8104553_2024157_1_1"> Exchange Traded [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ExchangeTradedMember_lbl" xml:lang="en-US" id="id_8104553_2024157_2_1"> Exchange-Traded [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ExchangeTradedMember" xlink:to="us-gaap_ExchangeTradedMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems" xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_lbl" xml:lang="en-US" id="id_8104553_2024160_1_1"> Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_lbl" xml:lang="en-US" id="id_8104553_2024160_2_1"> Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems" xlink:to="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable" xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_lbl" xml:lang="en-US" id="id_8104553_2028078_1_1"> Fair Value Measurements, Recurring and Nonrecurring [Table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_lbl" xml:lang="en-US" id="id_8104553_2028078_2_1"> Fair Value Measurements, Recurring and Nonrecurring [Table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable" xlink:to="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems" xlink:label="gs_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems_lbl" xml:lang="en-US" id="id_8104553_2131208_3_1"> Fair Value Assets And Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems_lbl" xml:lang="en-US" id="id_8104553_2131208_1_1"> Fair Value Assets And Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems_lbl" xml:lang="en-US" id="id_8104553_2131208_2_1"> Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems" xlink:to="gs_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTable" xlink:label="gs_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTable_lbl" xml:lang="en-US" id="id_8104553_2344548_3_1"> Fair Value Assets And Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTable_lbl" xml:lang="en-US" id="id_8104553_2344548_1_1"> Fair Value Assets And Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTable_lbl" xml:lang="en-US" id="id_8104553_2344548_2_1"> Fair Value Assets And Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTable" xlink:to="gs_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTable_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTableTextBlock" xlink:label="gs_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2212081_3_1"> Fair value assets and liabilities measured on recurring basis unobservable input reconciliation. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2212081_1_1"> Fair Value Assets And Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2212081_2_1"> Level 3 Rollforward </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTableTextBlock" xlink:to="gs_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTableTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss" xlink:label="us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss_lbl" xml:lang="en-US" id="id_8104553_2025899_1_1"> Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss_lbl" xml:lang="en-US" id="id_8104553_2025899_2_1"> Net Unrealized Gains / (Losses) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss_lbl" xml:lang="en-US" id="id_8104553_2025899_12_1"> Net unrealized gains / (losses) on assets relating to instruments still held at the reporting date </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss" xlink:to="us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain" xlink:label="us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_lbl" xml:lang="en-US" id="id_8104553_2026313_1_1"> Asset Class [Domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_lbl" xml:lang="en-US" id="id_8104553_2026313_2_1"> Asset Class [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain" xlink:to="us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems" xlink:label="us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems_lbl" xml:lang="en-US" id="id_8104553_2026965_1_1"> Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems_lbl" xml:lang="en-US" id="id_8104553_2026965_2_1"> Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems" xlink:to="us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable" xlink:label="us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable_lbl" xml:lang="en-US" id="id_8104553_2024363_1_1"> Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable_lbl" xml:lang="en-US" id="id_8104553_2024363_2_1"> Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable" xlink:to="us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueAssumptionsExpectedDividendRate" xlink:label="us-gaap_FairValueAssumptionsExpectedDividendRate"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueAssumptionsExpectedDividendRate_lbl" xml:lang="en-US" id="id_8104553_2025251_1_1"> Fair Value Assumptions, Expected Dividend Rate </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FairValueAssumptionsExpectedDividendRate_lbl" xml:lang="en-US" id="id_8104553_2025251_2_1"> Fair Value Unobservable Inputs, Yield </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueAssumptionsExpectedDividendRate" xlink:to="us-gaap_FairValueAssumptionsExpectedDividendRate_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueAssumptionsExpectedTerm" xlink:label="us-gaap_FairValueAssumptionsExpectedTerm"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueAssumptionsExpectedTerm_lbl" xml:lang="en-US" id="id_8104553_2027828_1_1"> Fair Value Assumptions, Expected Term </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FairValueAssumptionsExpectedTerm_lbl" xml:lang="en-US" id="id_8104553_2027828_2_1"> Fair Value Unobservable Inputs, Duration </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueAssumptionsExpectedTerm" xlink:to="us-gaap_FairValueAssumptionsExpectedTerm_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueAssumptionsExpectedVolatilityRate" xlink:label="us-gaap_FairValueAssumptionsExpectedVolatilityRate"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueAssumptionsExpectedVolatilityRate_lbl" xml:lang="en-US" id="id_8104553_2035422_1_1"> Fair Value Assumptions, Expected Volatility Rate </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FairValueAssumptionsExpectedVolatilityRate_lbl" xml:lang="en-US" id="id_8104553_2035422_2_1"> Fair Value Unobservable Input, Volatility </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueAssumptionsExpectedVolatilityRate" xlink:to="us-gaap_FairValueAssumptionsExpectedVolatilityRate_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems" xlink:label="us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems_lbl" xml:lang="en-US" id="id_8104553_2026534_1_1"> Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems_lbl" xml:lang="en-US" id="id_8104553_2026534_2_1"> Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems" xlink:to="us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueByAssetClassAxis" xlink:label="us-gaap_FairValueByAssetClassAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueByAssetClassAxis_lbl" xml:lang="en-US" id="id_8104553_2026315_1_1"> Asset Class [Axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FairValueByAssetClassAxis_lbl" xml:lang="en-US" id="id_8104553_2026315_2_1"> Asset Class [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueByAssetClassAxis" xlink:to="us-gaap_FairValueByAssetClassAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueByBalanceSheetGroupingTable" xlink:label="us-gaap_FairValueByBalanceSheetGroupingTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueByBalanceSheetGroupingTable_lbl" xml:lang="en-US" id="id_8104553_2025901_1_1"> Fair Value, by Balance Sheet Grouping [Table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FairValueByBalanceSheetGroupingTable_lbl" xml:lang="en-US" id="id_8104553_2025901_2_1"> Fair Value, by Balance Sheet Grouping [Table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueByBalanceSheetGroupingTable" xlink:to="us-gaap_FairValueByBalanceSheetGroupingTable_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueByFairValueHierarchyLevelAxis" xlink:label="us-gaap_FairValueByFairValueHierarchyLevelAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueByFairValueHierarchyLevelAxis_lbl" xml:lang="en-US" id="id_8104553_2022410_1_1"> Fair Value, Hierarchy [Axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FairValueByFairValueHierarchyLevelAxis_lbl" xml:lang="en-US" id="id_8104553_2022410_2_1"> Fair Value, Hierarchy [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueByFairValueHierarchyLevelAxis" xlink:to="us-gaap_FairValueByFairValueHierarchyLevelAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueByLiabilityClassAxis" xlink:label="us-gaap_FairValueByLiabilityClassAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueByLiabilityClassAxis_lbl" xml:lang="en-US" id="id_8104553_2027829_1_1"> Liability Class [Axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FairValueByLiabilityClassAxis_lbl" xml:lang="en-US" id="id_8104553_2027829_2_1"> Liability Class [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueByLiabilityClassAxis" xlink:to="us-gaap_FairValueByLiabilityClassAxis_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_FairValueCashInstrumentAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock" xlink:label="gs_FairValueCashInstrumentAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_FairValueCashInstrumentAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2052927_3_1"> Fair value cash instrument assets and liabilities measured on recurring basis. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_FairValueCashInstrumentAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2052927_1_1"> Fair Value Cash Instrument Assets And Liabilities Measured On Recurring Basis Table [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_FairValueCashInstrumentAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2052927_2_1"> Cash Instruments by Level </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_FairValueCashInstrumentAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock" xlink:to="gs_FairValueCashInstrumentAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_FairValueCashInstrumentAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTableTextBlock" xlink:label="gs_FairValueCashInstrumentAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_FairValueCashInstrumentAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2358613_3_1"> Fair value cash instrument assets and liabilities measured on recurring basis unobservable input reconciliation. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_FairValueCashInstrumentAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2358613_1_1"> Fair Value Cash Instrument Assets And Liabilities Measured On Recurring Basis Unobservable Input Reconciliation Table [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_FairValueCashInstrumentAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2358613_2_1"> Cash Instruments, Level 3 Rollforward </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_FairValueCashInstrumentAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTableTextBlock" xlink:to="gs_FairValueCashInstrumentAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTableTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_FairValueCashInstrumentsLevel1ToLevel2TransfersAmount" xlink:label="gs_FairValueCashInstrumentsLevel1ToLevel2TransfersAmount"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_FairValueCashInstrumentsLevel1ToLevel2TransfersAmount_lbl" xml:lang="en-US" id="id_8104553_2288418_3_1"> Fair value, cash instruments, level 1 to level 2 transfers, amount. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_FairValueCashInstrumentsLevel1ToLevel2TransfersAmount_lbl" xml:lang="en-US" id="id_8104553_2288418_1_1"> Fair Value Cash Instruments Level 1 To Level 2 Transfers Amount </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_FairValueCashInstrumentsLevel1ToLevel2TransfersAmount_lbl" xml:lang="en-US" id="id_8104553_2288418_2_1"> Transfers of cash instruments from level 1 to level 2 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_FairValueCashInstrumentsLevel1ToLevel2TransfersAmount" xlink:to="gs_FairValueCashInstrumentsLevel1ToLevel2TransfersAmount_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_FairValueCashInstrumentsLevel2ToLevel1TransfersAmount" xlink:label="gs_FairValueCashInstrumentsLevel2ToLevel1TransfersAmount"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_FairValueCashInstrumentsLevel2ToLevel1TransfersAmount_lbl" xml:lang="en-US" id="id_8104553_2142036_3_1"> Fair value, cash instruments, level 2 to level 1 transfers, amount. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_FairValueCashInstrumentsLevel2ToLevel1TransfersAmount_lbl" xml:lang="en-US" id="id_8104553_2142036_1_1"> Fair Value Cash Instruments Level 2 To Level 1 Transfers Amount </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_FairValueCashInstrumentsLevel2ToLevel1TransfersAmount_lbl" xml:lang="en-US" id="id_8104553_2142036_2_1"> Transfers of cash instruments from level 2 to level 1 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_FairValueCashInstrumentsLevel2ToLevel1TransfersAmount" xlink:to="gs_FairValueCashInstrumentsLevel2ToLevel1TransfersAmount_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_FairValueCashInstrumentsMeasurementInputsDisclosureTableTextBlock" xlink:label="gs_FairValueCashInstrumentsMeasurementInputsDisclosureTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_FairValueCashInstrumentsMeasurementInputsDisclosureTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2328116_3_1"> Fair value, cash instruments, measurement inputs, disclosure. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_FairValueCashInstrumentsMeasurementInputsDisclosureTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2328116_1_1"> Fair Value Cash Instruments Measurement Inputs Disclosure Table [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_FairValueCashInstrumentsMeasurementInputsDisclosureTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2328116_2_1"> Fair Value, Cash Instruments, Measurement Inputs, Disclosure </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_FairValueCashInstrumentsMeasurementInputsDisclosureTableTextBlock" xlink:to="gs_FairValueCashInstrumentsMeasurementInputsDisclosureTableTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_FairValueDerivativeAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock" xlink:label="gs_FairValueDerivativeAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_FairValueDerivativeAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2055136_3_1"> Fair value derivative assets and liabilities measured on recurring basis. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_FairValueDerivativeAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2055136_1_1"> Fair Value Derivative Assets And Liabilities Measured On Recurring Basis Table [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_FairValueDerivativeAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2055136_2_1"> Fair Value of Derivatives by Level </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_FairValueDerivativeAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock" xlink:to="gs_FairValueDerivativeAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_FairValueDerivativeAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTableTextBlock" xlink:label="gs_FairValueDerivativeAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_FairValueDerivativeAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2293935_3_1"> Fair value derivative assets and liabilities measured on recurring basis unobservable input reconciliation. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_FairValueDerivativeAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2293935_1_1"> Fair Value Derivative Assets And Liabilities Measured On Recurring Basis Unobservable Input Reconciliation Table [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_FairValueDerivativeAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2293935_2_1"> Fair Value of Derivatives, Level 3 Rollforward </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_FairValueDerivativeAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTableTextBlock" xlink:to="gs_FairValueDerivativeAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTableTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_FairValueDerivativesMeasurementInputsDisclosureTableTextBlock" xlink:label="gs_FairValueDerivativesMeasurementInputsDisclosureTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_FairValueDerivativesMeasurementInputsDisclosureTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2150399_3_1"> Schedule of the inputs used in the fair value measurement of assets. This disclosure may include, but is not limited to, the fair value of the asset, valuation technique used to measure fair value, the inputs used to measure fair value, the ranges of the inputs, and the weighted averages of the inputs. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_FairValueDerivativesMeasurementInputsDisclosureTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2150399_1_1"> Fair Value Derivatives Measurement Inputs Disclosure Table [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_FairValueDerivativesMeasurementInputsDisclosureTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2150399_2_1"> Fair Value, Derivatives, Measurement Inputs, Disclosure </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_FairValueDerivativesMeasurementInputsDisclosureTableTextBlock" xlink:to="gs_FairValueDerivativesMeasurementInputsDisclosureTableTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueDisclosuresAbstract" xlink:label="us-gaap_FairValueDisclosuresAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueDisclosuresAbstract_lbl" xml:lang="en-US" id="id_8104553_2025479_1_1"> Fair Value Disclosures [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FairValueDisclosuresAbstract_lbl" xml:lang="en-US" id="id_8104553_2025479_2_1"> Fair Value Disclosures [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueDisclosuresAbstract" xlink:to="us-gaap_FairValueDisclosuresAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueDisclosuresTextBlock" xlink:label="us-gaap_FairValueDisclosuresTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueDisclosuresTextBlock_lbl" xml:lang="en-US" id="id_8104553_2026318_1_1"> Fair Value Disclosures [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FairValueDisclosuresTextBlock_lbl" xml:lang="en-US" id="id_8104553_2026318_2_1"> Fair Value Measurements </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueDisclosuresTextBlock" xlink:to="us-gaap_FairValueDisclosuresTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueHedgingMember" xlink:label="us-gaap_FairValueHedgingMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueHedgingMember_lbl" xml:lang="en-US" id="id_8104553_2023280_1_1"> Fair Value Hedging [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FairValueHedgingMember_lbl" xml:lang="en-US" id="id_8104553_2023280_2_1"> Fair Value Hedging [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueHedgingMember" xlink:to="us-gaap_FairValueHedgingMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueInputsAssetsQuantitativeInformationLineItems" xlink:label="us-gaap_FairValueInputsAssetsQuantitativeInformationLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueInputsAssetsQuantitativeInformationLineItems_lbl" xml:lang="en-US" id="id_8104553_2026768_1_1"> Fair Value Inputs, Assets, Quantitative Information [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FairValueInputsAssetsQuantitativeInformationLineItems_lbl" xml:lang="en-US" id="id_8104553_2026768_2_1"> Fair Value Inputs, Assets, Quantitative Information [Line Items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueInputsAssetsQuantitativeInformationLineItems" xlink:to="us-gaap_FairValueInputsAssetsQuantitativeInformationLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueInputsAssetsQuantitativeInformationTable" xlink:label="us-gaap_FairValueInputsAssetsQuantitativeInformationTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueInputsAssetsQuantitativeInformationTable_lbl" xml:lang="en-US" id="id_8104553_2026968_1_1"> Fair Value Inputs, Assets, Quantitative Information [Table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FairValueInputsAssetsQuantitativeInformationTable_lbl" xml:lang="en-US" id="id_8104553_2026968_2_1"> Fair Value Inputs, Assets, Quantitative Information [Table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueInputsAssetsQuantitativeInformationTable" xlink:to="us-gaap_FairValueInputsAssetsQuantitativeInformationTable_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueInputsAssetsQuantitativeInformationTableTextBlock" xlink:label="us-gaap_FairValueInputsAssetsQuantitativeInformationTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueInputsAssetsQuantitativeInformationTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2022418_1_1"> Fair Value Inputs, Assets, Quantitative Information [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FairValueInputsAssetsQuantitativeInformationTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2022418_2_1"> Total Level 3 Financial Assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueInputsAssetsQuantitativeInformationTableTextBlock" xlink:to="us-gaap_FairValueInputsAssetsQuantitativeInformationTableTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_FairValueInputsBasis" xlink:label="gs_FairValueInputsBasis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_FairValueInputsBasis_lbl" xml:lang="en-US" id="id_8104553_2250126_3_1"> Fair value inputs, basis. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_FairValueInputsBasis_lbl" xml:lang="en-US" id="id_8104553_2250126_1_1"> Fair Value Inputs Basis </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_FairValueInputsBasis_lbl" xml:lang="en-US" id="id_8104553_2250126_2_1"> Fair Value Unobservable Inputs, Basis (points) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_FairValueInputsBasis" xlink:to="gs_FairValueInputsBasis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueInputsCapRate" xlink:label="us-gaap_FairValueInputsCapRate"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueInputsCapRate_lbl" xml:lang="en-US" id="id_8104553_2024812_1_1"> Fair Value Inputs, Cap Rate </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FairValueInputsCapRate_lbl" xml:lang="en-US" id="id_8104553_2024812_2_1"> Fair Value Unobservable Inputs, Capitalization Rates </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueInputsCapRate" xlink:to="us-gaap_FairValueInputsCapRate_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueInputsComparabilityAdjustments" xlink:label="us-gaap_FairValueInputsComparabilityAdjustments"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueInputsComparabilityAdjustments_lbl" xml:lang="en-US" id="id_8104553_2026769_1_1"> Fair Value Inputs, Comparability Adjustments </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FairValueInputsComparabilityAdjustments_lbl" xml:lang="en-US" id="id_8104553_2026769_2_1"> Fair Value Unobservable Inputs, Correlation </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueInputsComparabilityAdjustments" xlink:to="us-gaap_FairValueInputsComparabilityAdjustments_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueInputsDiscountRate" xlink:label="us-gaap_FairValueInputsDiscountRate"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueInputsDiscountRate_lbl" xml:lang="en-US" id="id_8104553_2023951_1_1"> Fair Value Inputs, Discount Rate </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FairValueInputsDiscountRate_lbl" xml:lang="en-US" id="id_8104553_2023951_2_1"> Fair Value Unobservable Inputs, Discount Rate/Yield </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueInputsDiscountRate" xlink:to="us-gaap_FairValueInputsDiscountRate_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueInputsEntityCreditRisk" xlink:label="us-gaap_FairValueInputsEntityCreditRisk"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueInputsEntityCreditRisk_lbl" xml:lang="en-US" id="id_8104553_2028083_1_1"> Fair Value Inputs, Entity Credit Risk </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FairValueInputsEntityCreditRisk_lbl" xml:lang="en-US" id="id_8104553_2028083_2_1"> Fair Value Unobservable Inputs, Credit spreads </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueInputsEntityCreditRisk" xlink:to="us-gaap_FairValueInputsEntityCreditRisk_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueInputsLevel1Member" xlink:label="us-gaap_FairValueInputsLevel1Member"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueInputsLevel1Member_lbl" xml:lang="en-US" id="id_8104553_2026970_1_1"> Fair Value, Inputs, Level 1 [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FairValueInputsLevel1Member_lbl" xml:lang="en-US" id="id_8104553_2026970_2_1"> Level 1 [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueInputsLevel1Member" xlink:to="us-gaap_FairValueInputsLevel1Member_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueInputsLevel2Member" xlink:label="us-gaap_FairValueInputsLevel2Member"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueInputsLevel2Member_lbl" xml:lang="en-US" id="id_8104553_2021995_1_1"> Fair Value, Inputs, Level 2 [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FairValueInputsLevel2Member_lbl" xml:lang="en-US" id="id_8104553_2021995_2_1"> Level 2 [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueInputsLevel2Member" xlink:to="us-gaap_FairValueInputsLevel2Member_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueInputsLevel3Member" xlink:label="us-gaap_FairValueInputsLevel3Member"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueInputsLevel3Member_lbl" xml:lang="en-US" id="id_8104553_2022419_1_1"> Fair Value, Inputs, Level 3 [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FairValueInputsLevel3Member_lbl" xml:lang="en-US" id="id_8104553_2022419_2_1"> Level 3 [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueInputsLevel3Member" xlink:to="us-gaap_FairValueInputsLevel3Member_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueInputsLongTermRevenueGrowthRate" xlink:label="us-gaap_FairValueInputsLongTermRevenueGrowthRate"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueInputsLongTermRevenueGrowthRate_lbl" xml:lang="en-US" id="id_8104553_2021531_1_1"> Fair Value Inputs, Long-term Revenue Growth Rate </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FairValueInputsLongTermRevenueGrowthRate_lbl" xml:lang="en-US" id="id_8104553_2021531_2_1"> Fair Value Unobservable Inputs, Growth Rate </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueInputsLongTermRevenueGrowthRate" xlink:to="us-gaap_FairValueInputsLongTermRevenueGrowthRate_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueInputsLossSeverity" xlink:label="us-gaap_FairValueInputsLossSeverity"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueInputsLossSeverity_lbl" xml:lang="en-US" id="id_8104553_2024165_1_1"> Fair Value Inputs, Loss Severity </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FairValueInputsLossSeverity_lbl" xml:lang="en-US" id="id_8104553_2024165_2_1"> Fair Value Unobservable Inputs, Cumulative Loss Rate </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueInputsLossSeverity" xlink:to="us-gaap_FairValueInputsLossSeverity_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueInputsPrepaymentRate" xlink:label="us-gaap_FairValueInputsPrepaymentRate"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueInputsPrepaymentRate_lbl" xml:lang="en-US" id="id_8104553_2021532_1_1"> Fair Value Inputs, Prepayment Rate </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FairValueInputsPrepaymentRate_lbl" xml:lang="en-US" id="id_8104553_2021532_2_1"> Fair Value Unobservable Inputs, Recovery Rate </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_FairValueInputsPrepaymentRate_lbl" xml:lang="en-US" id="id_8104553_2021532_12_1"> Fair Value Unobservable Inputs, Recovery rates </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueInputsPrepaymentRate" xlink:to="us-gaap_FairValueInputsPrepaymentRate_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueInputsRevenueMultiple" xlink:label="us-gaap_FairValueInputsRevenueMultiple"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueInputsRevenueMultiple_lbl" xml:lang="en-US" id="id_8104553_2027616_1_1"> Fair Value Inputs, Revenue Multiple </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FairValueInputsRevenueMultiple_lbl" xml:lang="en-US" id="id_8104553_2027616_2_1"> Fair Value Unobservable Inputs, Multiples </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueInputsRevenueMultiple" xlink:to="us-gaap_FairValueInputsRevenueMultiple_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_FairValueInputsSpread" xlink:label="gs_FairValueInputsSpread"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_FairValueInputsSpread_lbl" xml:lang="en-US" id="id_8104553_2394789_3_1"> Fair value unobservable inputs, spread per unit of natural gas and oil. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_FairValueInputsSpread_lbl" xml:lang="en-US" id="id_8104553_2394789_1_1"> Fair Value Inputs, Spread </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_FairValueInputsSpread_lbl" xml:lang="en-US" id="id_8104553_2394789_2_1"> Fair Value Unobservable Inputs, Spread </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_FairValueInputsSpread" xlink:to="gs_FairValueInputsSpread_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_FairValueInputsUpfrontCreditPoints" xlink:label="gs_FairValueInputsUpfrontCreditPoints"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_FairValueInputsUpfrontCreditPoints_lbl" xml:lang="en-US" id="id_8104553_2204669_3_1"> Fair Value Inputs, Upfront Credit Points. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_FairValueInputsUpfrontCreditPoints_lbl" xml:lang="en-US" id="id_8104553_2204669_1_1"> Fair Value Inputs Upfront Credit Points </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_FairValueInputsUpfrontCreditPoints_lbl" xml:lang="en-US" id="id_8104553_2204669_2_1"> Fair Value Unobservable Inputs, Upfront Credit Points </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_FairValueInputsUpfrontCreditPoints" xlink:to="gs_FairValueInputsUpfrontCreditPoints_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareLineItems" xlink:label="us-gaap_FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareLineItems_lbl" xml:lang="en-US" id="id_8104553_2023953_1_1"> Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareLineItems_lbl" xml:lang="en-US" id="id_8104553_2023953_2_1"> Fair Value, Investments, Entities That Are Calculated Using Net Asset Value Per Share [Line Items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareLineItems" xlink:to="us-gaap_FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareTable" xlink:label="us-gaap_FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareTable_lbl" xml:lang="en-US" id="id_8104553_2025257_1_1"> Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareTable_lbl" xml:lang="en-US" id="id_8104553_2025257_2_1"> Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareTable" xlink:to="us-gaap_FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareTable_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareTableTextBlock" xlink:label="us-gaap_FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2022845_1_1"> Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2022845_2_1"> Investments in Funds that are Calculated Using Net Asset Value Per Share </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareTableTextBlock" xlink:to="us-gaap_FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareTableTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareUnfundedCommittments" xlink:label="us-gaap_FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareUnfundedCommittments"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareUnfundedCommittments_lbl" xml:lang="en-US" id="id_8104553_2025037_1_1"> Fair Value, Investments, Entities that Calculate Net Asset Value Per Share, Unfunded Commitments </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareUnfundedCommittments_lbl" xml:lang="en-US" id="id_8104553_2025037_2_1"> Unfunded Commitments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareUnfundedCommittments" xlink:to="us-gaap_FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareUnfundedCommittments_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss" xlink:label="us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss_lbl" xml:lang="en-US" id="id_8104553_2022649_1_1"> Fair Value, Liabilities Measured on Recurring Basis, Change in Unrealized Gain (Loss) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss_lbl" xml:lang="en-US" id="id_8104553_2022649_14_1"> Net Unrealized Gains / (Losses) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss_lbl" xml:lang="en-US" id="id_8104553_2022649_18_1"> Net unrealized gains / (losses) relating to instruments still held at the reporting date </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss" xlink:to="us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain" xlink:label="us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain_lbl" xml:lang="en-US" id="id_8104553_2023114_1_1"> Fair Value by Liability Class [Domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain_lbl" xml:lang="en-US" id="id_8104553_2023114_2_1"> Fair Value by Liability Class [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain" xlink:to="us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_FairValueLineItems" xlink:label="gs_FairValueLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_FairValueLineItems_lbl" xml:lang="en-US" id="id_8104553_2364457_3_1"> Fair Value [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_FairValueLineItems_lbl" xml:lang="en-US" id="id_8104553_2364457_1_1"> Fair Value [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_FairValueLineItems_lbl" xml:lang="en-US" id="id_8104553_2364457_2_1"> Fair Value [Line Items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_FairValueLineItems" xlink:to="gs_FairValueLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_FairValueMeasurementInputsDisclosureLineItems" xlink:label="gs_FairValueMeasurementInputsDisclosureLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_FairValueMeasurementInputsDisclosureLineItems_lbl" xml:lang="en-US" id="id_8104553_2064014_3_1"> Fair value measurement inputs disclosure. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_FairValueMeasurementInputsDisclosureLineItems_lbl" xml:lang="en-US" id="id_8104553_2064014_1_1"> Fair Value Measurement Inputs Disclosure [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_FairValueMeasurementInputsDisclosureLineItems_lbl" xml:lang="en-US" id="id_8104553_2064014_2_1"> Fair Value Measurement Inputs Disclosure [Line Items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_FairValueMeasurementInputsDisclosureLineItems" xlink:to="gs_FairValueMeasurementInputsDisclosureLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_FairValueMeasurementInputsDisclosureTable" xlink:label="gs_FairValueMeasurementInputsDisclosureTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_FairValueMeasurementInputsDisclosureTable_lbl" xml:lang="en-US" id="id_8104553_2361393_3_1"> Fair Value Measurement Inputs Disclosure [Table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_FairValueMeasurementInputsDisclosureTable_lbl" xml:lang="en-US" id="id_8104553_2361393_1_1"> Fair Value Measurement Inputs Disclosure [Table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_FairValueMeasurementInputsDisclosureTable_lbl" xml:lang="en-US" id="id_8104553_2361393_2_1"> Fair Value Measurement Inputs Disclosure [Table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_FairValueMeasurementInputsDisclosureTable" xlink:to="gs_FairValueMeasurementInputsDisclosureTable_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:label="us-gaap_FairValueMeasurementsFairValueHierarchyDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueMeasurementsFairValueHierarchyDomain_lbl" xml:lang="en-US" id="id_8104553_2023956_1_1"> Fair Value Hierarchy [Domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FairValueMeasurementsFairValueHierarchyDomain_lbl" xml:lang="en-US" id="id_8104553_2023956_2_1"> Fair Value Hierarchy [Domain] </label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3_lbl" xml:lang="en-US" id="id_8104553_2022423_1_1"> Fair Value, Measurement with Unobservable Inputs Reconciliation, Liability, Transfers Into Level 3 </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3_lbl" xml:lang="en-US" id="id_8104553_2022423_14_1"> Transfers Into Level 3 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3" xlink:to="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3_lbl" xml:lang="en-US" id="id_8104553_2024370_1_1"> Fair Value, Measurement with Unobservable Inputs Reconciliation, Liability, Transfers out of Level 3 </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3_lbl" xml:lang="en-US" id="id_8104553_2024370_2_1"> Transfers Out Of Level 3 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3" xlink:to="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1_lbl" xml:lang="en-US" id="id_8104553_2024815_1_1"> Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1_lbl" xml:lang="en-US" id="id_8104553_2024815_2_1"> Net gains / (losses) on assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1" xlink:to="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetIssues" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetIssues"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetIssues_lbl" xml:lang="en-US" id="id_8104553_2022653_1_1"> Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Issuances </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetIssues_lbl" xml:lang="en-US" id="id_8104553_2022653_2_1"> Issuances </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetIssues" xlink:to="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetIssues_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetLiabilityNetUnrealizedGainLossIncludedInEarnings" xlink:label="gs_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetLiabilityNetUnrealizedGainLossIncludedInEarnings"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetLiabilityNetUnrealizedGainLossIncludedInEarnings_lbl" xml:lang="en-US" id="id_8104553_2201111_3_1"> This element represents total net unrealized gains or losses for the period relating to instruments still held at the reporting date, arising from assets and liabilities measured at fair value on a recurring basis using unobservable inputs (Level 3), which are included in earnings. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetLiabilityNetUnrealizedGainLossIncludedInEarnings_lbl" xml:lang="en-US" id="id_8104553_2201111_1_1"> Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Liability Net Unrealized Gain Loss Included In Earnings </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetLiabilityNetUnrealizedGainLossIncludedInEarnings_lbl" xml:lang="en-US" id="id_8104553_2201111_2_1"> Net Unrealized Gains/(Losses) Relating to Instruments Still Held at Period-End </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetLiabilityNetUnrealizedGainLossIncludedInEarnings" xlink:to="gs_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetLiabilityNetUnrealizedGainLossIncludedInEarnings_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetNetRealizedGainLossIncludedInEarnings" xlink:label="gs_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetNetRealizedGainLossIncludedInEarnings"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetNetRealizedGainLossIncludedInEarnings_lbl" xml:lang="en-US" id="id_8104553_2214196_3_1"> This element represents total net realized gains or losses for the period, arising from assets measured at fair value on a recurring basis using unobservable inputs (Level 3), which are included in earnings. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetNetRealizedGainLossIncludedInEarnings_lbl" xml:lang="en-US" id="id_8104553_2214196_1_1"> Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Net Realized Gain Loss Included In Earnings </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetNetRealizedGainLossIncludedInEarnings_lbl" xml:lang="en-US" id="id_8104553_2214196_2_1"> Net Realized Gains / (Losses) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="gs_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetNetRealizedGainLossIncludedInEarnings_lbl" xml:lang="en-US" id="id_8104553_2214196_12_1"> Net realized gains / (losses) on assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetNetRealizedGainLossIncludedInEarnings" xlink:to="gs_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetNetRealizedGainLossIncludedInEarnings_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetNetUnrealizedGainLossIncludedInEarnings" xlink:label="gs_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetNetUnrealizedGainLossIncludedInEarnings"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetNetUnrealizedGainLossIncludedInEarnings_lbl" xml:lang="en-US" id="id_8104553_2246611_3_1"> This element represents total net unrealized gains or losses for the period relating to instruments still held at the reporting date, arising from assets measured at fair value on a recurring basis using unobservable inputs (Level 3), which are included in earnings. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetNetUnrealizedGainLossIncludedInEarnings_lbl" xml:lang="en-US" id="id_8104553_2246611_1_1"> Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Net Unrealized Gain Loss Included In Earnings </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetNetUnrealizedGainLossIncludedInEarnings_lbl" xml:lang="en-US" id="id_8104553_2246611_2_1"> Net Unrealized Gains / (Losses) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetNetUnrealizedGainLossIncludedInEarnings" xlink:to="gs_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetNetUnrealizedGainLossIncludedInEarnings_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases_lbl" xml:lang="en-US" id="id_8104553_2022654_1_1"> Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases_lbl" xml:lang="en-US" id="id_8104553_2022654_2_1"> Purchases </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases" xlink:to="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales_lbl" xml:lang="en-US" id="id_8104553_2025908_1_1"> Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Sales </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales_lbl" xml:lang="en-US" id="id_8104553_2025908_14_1"> Sales </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales" xlink:to="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements_lbl" xml:lang="en-US" id="id_8104553_2028088_1_1"> Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Settlements </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements_lbl" xml:lang="en-US" id="id_8104553_2028088_14_1"> Settlements </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements" xlink:to="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3_lbl" xml:lang="en-US" id="id_8104553_2025909_1_1"> Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3 </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3_lbl" xml:lang="en-US" id="id_8104553_2025909_2_1"> Transfers Into Level 3 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3" xlink:to="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3_lbl" xml:lang="en-US" id="id_8104553_2023531_1_1"> Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3 </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3_lbl" xml:lang="en-US" id="id_8104553_2023531_14_1"> Transfers Out Of Level 3 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3" xlink:to="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue_lbl" xml:lang="en-US" id="id_8104553_2025910_1_1"> Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue_lbl" xml:lang="en-US" id="id_8104553_2025910_4_1"> Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value, Ending Balance </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue_lbl" xml:lang="en-US" id="id_8104553_2025910_5_1"> Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value, Beginning Balance </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" xlink:to="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisDerivativeContractsNetNetRealizedGainLossIncludedInEarnings" xlink:label="gs_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisDerivativeContractsNetNetRealizedGainLossIncludedInEarnings"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisDerivativeContractsNetNetRealizedGainLossIncludedInEarnings_lbl" xml:lang="en-US" id="id_8104553_2247054_3_1"> This element represents total net realized gains or losses for the period, arising from derivative contracts net measured at fair value on a recurring basis using unobservable inputs (Level 3), which are included in earnings. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisDerivativeContractsNetNetRealizedGainLossIncludedInEarnings_lbl" xml:lang="en-US" id="id_8104553_2247054_1_1"> Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Derivative Contracts Net Net Realized Gain Loss Included In Earnings </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisDerivativeContractsNetNetRealizedGainLossIncludedInEarnings_lbl" xml:lang="en-US" id="id_8104553_2247054_2_1"> Net Realized Gains / (Losses) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="gs_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisDerivativeContractsNetNetRealizedGainLossIncludedInEarnings_lbl" xml:lang="en-US" id="id_8104553_2247054_12_1"> Net Realized Gains / (Losses) on Derivative assets and liabilities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisDerivativeContractsNetNetRealizedGainLossIncludedInEarnings" xlink:to="gs_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisDerivativeContractsNetNetRealizedGainLossIncludedInEarnings_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings"/>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSettlements" xlink:label="us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSettlements"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSettlements_lbl" xml:lang="en-US" id="id_8104553_2024593_1_1"> Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Settlements </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSettlements_lbl" xml:lang="en-US" id="id_8104553_2024593_2_1"> Settlements </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSettlements" xlink:to="us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSettlements_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationTransfersIntoLevel3" xlink:label="us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationTransfersIntoLevel3"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationTransfersIntoLevel3_lbl" xml:lang="en-US" id="id_8104553_2022426_1_1"> Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Transfers into Level 3 </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationTransfersIntoLevel3_lbl" xml:lang="en-US" id="id_8104553_2022426_2_1"> Transfers Into Level 3 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationTransfersIntoLevel3" xlink:to="us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationTransfersIntoLevel3_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationTransfersOutOfLevel3" xlink:label="us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationTransfersOutOfLevel3"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationTransfersOutOfLevel3_lbl" xml:lang="en-US" id="id_8104553_2026545_1_1"> Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Transfers out of Level 3 </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationTransfersOutOfLevel3_lbl" xml:lang="en-US" id="id_8104553_2026545_2_1"> Transfers Out Of Level 3 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationTransfersOutOfLevel3" xlink:to="us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationTransfersOutOfLevel3_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs" xlink:label="us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs_lbl" xml:lang="en-US" id="id_8104553_2027623_1_1"> Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis with Unobservable Inputs </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs_lbl" xml:lang="en-US" id="id_8104553_2027623_4_1"> Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Derivative Contracts Net Value, Ending Balance </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs_lbl" xml:lang="en-US" id="id_8104553_2027623_5_1"> Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Derivative Contracts Net Value, Beginning Balance </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs_lbl" xml:lang="en-US" id="id_8104553_2027623_2_1"> Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Derivative Contracts Net Value, Ending Balance </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs" xlink:to="us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueOfFinancialInstrumentsPolicy" xlink:label="us-gaap_FairValueOfFinancialInstrumentsPolicy"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueOfFinancialInstrumentsPolicy_lbl" xml:lang="en-US" id="id_8104553_2028091_1_1"> Fair Value of Financial Instruments, Policy [Policy Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FairValueOfFinancialInstrumentsPolicy_lbl" xml:lang="en-US" id="id_8104553_2028091_2_1"> Fair Value Measurements, Policy </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueOfFinancialInstrumentsPolicy" xlink:to="us-gaap_FairValueOfFinancialInstrumentsPolicy_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueOfSecuritiesReceivedAsCollateralThatCanBeResoldOrRepledged" xlink:label="us-gaap_FairValueOfSecuritiesReceivedAsCollateralThatCanBeResoldOrRepledged"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueOfSecuritiesReceivedAsCollateralThatCanBeResoldOrRepledged_lbl" xml:lang="en-US" id="id_8104553_2022852_1_1"> Fair Value of Securities Received as Collateral that Can be Resold or Repledged </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FairValueOfSecuritiesReceivedAsCollateralThatCanBeResoldOrRepledged_lbl" xml:lang="en-US" id="id_8104553_2022852_2_1"> Financial instruments at fair value received as collateral by the firm that it was permitted to deliver or repledge </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueOfSecuritiesReceivedAsCollateralThatCanBeResoldOrRepledged" xlink:to="us-gaap_FairValueOfSecuritiesReceivedAsCollateralThatCanBeResoldOrRepledged_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueOfSecuritiesReceivedAsCollateralThatHaveBeenResoldOrRepledged" xlink:label="us-gaap_FairValueOfSecuritiesReceivedAsCollateralThatHaveBeenResoldOrRepledged"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueOfSecuritiesReceivedAsCollateralThatHaveBeenResoldOrRepledged_lbl" xml:lang="en-US" id="id_8104553_2026546_1_1"> Fair Value of Securities Received as Collateral that Have Been Resold or Repledged </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FairValueOfSecuritiesReceivedAsCollateralThatHaveBeenResoldOrRepledged_lbl" xml:lang="en-US" id="id_8104553_2026546_2_1"> Financial instruments at fair value received as collateral which the firm delivered or repledged </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueOfSecuritiesReceivedAsCollateralThatHaveBeenResoldOrRepledged" xlink:to="us-gaap_FairValueOfSecuritiesReceivedAsCollateralThatHaveBeenResoldOrRepledged_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueOptionAggregateDifferencesLongTermDebtInstruments" xlink:label="us-gaap_FairValueOptionAggregateDifferencesLongTermDebtInstruments"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueOptionAggregateDifferencesLongTermDebtInstruments_lbl" xml:lang="en-US" id="id_8104553_2026772_1_1"> Fair Value, Option, Aggregate Differences, Long-term Debt Instruments </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FairValueOptionAggregateDifferencesLongTermDebtInstruments_lbl" xml:lang="en-US" id="id_8104553_2026772_2_1"> Difference between aggregate contractual principal amount of long-term debt instruments for which the fair value option was elected and related fair value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueOptionAggregateDifferencesLongTermDebtInstruments" xlink:to="us-gaap_FairValueOptionAggregateDifferencesLongTermDebtInstruments_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_FairValueOptionAggregateDifferencesPerformingLoansAndLongTermReceivables" xlink:label="gs_FairValueOptionAggregateDifferencesPerformingLoansAndLongTermReceivables"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_FairValueOptionAggregateDifferencesPerformingLoansAndLongTermReceivables_lbl" xml:lang="en-US" id="id_8104553_2176079_3_1"> This item represents the difference between the aggregate fair value and the aggregate unpaid principal balance of performing loans and long-term receivables (other than securities categorized as trading, available-for-sale or held-to-maturity) that have contractual principal amounts and for which the fair value option has been elected. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_FairValueOptionAggregateDifferencesPerformingLoansAndLongTermReceivables_lbl" xml:lang="en-US" id="id_8104553_2176079_1_1"> Fair Value Option Aggregate Differences Performing Loans And Long Term Receivables </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_FairValueOptionAggregateDifferencesPerformingLoansAndLongTermReceivables_lbl" xml:lang="en-US" id="id_8104553_2176079_2_1"> Aggregate contractual principal amount of performing loans and long-term receivables in excess of fair value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_FairValueOptionAggregateDifferencesPerformingLoansAndLongTermReceivables" xlink:to="gs_FairValueOptionAggregateDifferencesPerformingLoansAndLongTermReceivables_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueOptionChangesInFairValueGainLoss1" xlink:label="us-gaap_FairValueOptionChangesInFairValueGainLoss1"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueOptionChangesInFairValueGainLoss1_lbl" xml:lang="en-US" id="id_8104553_2027425_1_1"> Fair Value, Option, Changes in Fair Value, Gain (Loss) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FairValueOptionChangesInFairValueGainLoss1_lbl" xml:lang="en-US" id="id_8104553_2027425_2_1"> Fair Value Option Gains/(Losses) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueOptionChangesInFairValueGainLoss1" xlink:to="us-gaap_FairValueOptionChangesInFairValueGainLoss1_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueOptionCreditRiskGainsLossesOnAssets" xlink:label="us-gaap_FairValueOptionCreditRiskGainsLossesOnAssets"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueOptionCreditRiskGainsLossesOnAssets_lbl" xml:lang="en-US" id="id_8104553_2022427_1_1"> Fair Value, Option, Credit Risk, Gains (Losses) on Assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FairValueOptionCreditRiskGainsLossesOnAssets_lbl" xml:lang="en-US" id="id_8104553_2022427_2_1"> Net Gains (Losses) Attributable to the Impact of Changes in Instrument-Specific Credit Spreads on Loans and Lending Commitments For Which the Fair Value Option Was Elected </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueOptionCreditRiskGainsLossesOnAssets" xlink:to="us-gaap_FairValueOptionCreditRiskGainsLossesOnAssets_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueOptionLoansHeldAsAssetsAggregateAmountInNonaccrualStatus" xlink:label="us-gaap_FairValueOptionLoansHeldAsAssetsAggregateAmountInNonaccrualStatus"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueOptionLoansHeldAsAssetsAggregateAmountInNonaccrualStatus_lbl" xml:lang="en-US" id="id_8104553_2026774_1_1"> Fair Value, Option, Loans Held as Assets, Aggregate Amount in Nonaccrual Status </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FairValueOptionLoansHeldAsAssetsAggregateAmountInNonaccrualStatus_lbl" xml:lang="en-US" id="id_8104553_2026774_2_1"> Aggregate fair value of loans on non-accrual status and/or more than 90 days past due </label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueOptionLoansHeldAsAssetsAggregateDifference" xlink:label="us-gaap_FairValueOptionLoansHeldAsAssetsAggregateDifference"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueOptionLoansHeldAsAssetsAggregateDifference_lbl" xml:lang="en-US" id="id_8104553_2022236_1_1"> Fair Value, Option, Loans Held as Assets, Aggregate Difference </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FairValueOptionLoansHeldAsAssetsAggregateDifference_lbl" xml:lang="en-US" id="id_8104553_2022236_2_1"> Aggregate contractual principal amount of loans on non-accrual status and/or more than 90 days past due in excess of fair value (excluding loans carried at zero fair value and considered uncollectible) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueOptionLoansHeldAsAssetsAggregateDifference" xlink:to="us-gaap_FairValueOptionLoansHeldAsAssetsAggregateDifference_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_FairValueOptionOtherMember" xlink:label="gs_FairValueOptionOtherMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_FairValueOptionOtherMember_lbl" xml:lang="en-US" id="id_8104553_2355356_3_1"> Fair value option other. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_FairValueOptionOtherMember_lbl" xml:lang="en-US" id="id_8104553_2355356_1_1"> Fair Value Option Other [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_FairValueOptionOtherMember_lbl" xml:lang="en-US" id="id_8104553_2355356_2_1"> Fair Value Option Other [Member] </label>
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<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_FairValueOptionPolicyTextBlock" xlink:label="gs_FairValueOptionPolicyTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_FairValueOptionPolicyTextBlock_lbl" xml:lang="en-US" id="id_8104553_2076075_3_1"> Describes the entity's accounting policy for financial assets and financial liabilities for which the fair value option has been elected. It also provides a description of such financial assets and liabilities and the primary reasons for the fair value election. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_FairValueOptionPolicyTextBlock_lbl" xml:lang="en-US" id="id_8104553_2076075_1_1"> Fair Value Option Policy [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_FairValueOptionPolicyTextBlock_lbl" xml:lang="en-US" id="id_8104553_2076075_2_1"> Fair Value Option, Policy </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_FairValueOptionPolicyTextBlock" xlink:to="gs_FairValueOptionPolicyTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueOptionQuantitativeDisclosuresLineItems" xlink:label="us-gaap_FairValueOptionQuantitativeDisclosuresLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueOptionQuantitativeDisclosuresLineItems_lbl" xml:lang="en-US" id="id_8104553_2028534_1_1"> Fair Value, Option, Quantitative Disclosures [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FairValueOptionQuantitativeDisclosuresLineItems_lbl" xml:lang="en-US" id="id_8104553_2028534_2_1"> Fair Value, Option, Quantitative Disclosures [Line Items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueOptionQuantitativeDisclosuresLineItems" xlink:to="us-gaap_FairValueOptionQuantitativeDisclosuresLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueOptionQuantitativeDisclosuresTable" xlink:label="us-gaap_FairValueOptionQuantitativeDisclosuresTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueOptionQuantitativeDisclosuresTable_lbl" xml:lang="en-US" id="id_8104553_2021539_1_1"> Fair Value, Option, Quantitative Disclosures [Table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FairValueOptionQuantitativeDisclosuresTable_lbl" xml:lang="en-US" id="id_8104553_2021539_2_1"> Fair Value, Option, Quantitative Disclosures [Table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueOptionQuantitativeDisclosuresTable" xlink:to="us-gaap_FairValueOptionQuantitativeDisclosuresTable_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueOptionQuantitativeDisclosuresTextBlock" xlink:label="us-gaap_FairValueOptionQuantitativeDisclosuresTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueOptionQuantitativeDisclosuresTextBlock_lbl" xml:lang="en-US" id="id_8104553_2024171_1_1"> Fair Value, Option, Quantitative Disclosures [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FairValueOptionQuantitativeDisclosuresTextBlock_lbl" xml:lang="en-US" id="id_8104553_2024171_2_1"> Gains and Losses on Other Financial Assets and Financial Liabilities at Fair Value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueOptionQuantitativeDisclosuresTextBlock" xlink:to="us-gaap_FairValueOptionQuantitativeDisclosuresTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueOptionTextBlock" xlink:label="us-gaap_FairValueOptionTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueOptionTextBlock_lbl" xml:lang="en-US" id="id_8104553_2028535_1_1"> Fair Value, Option [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FairValueOptionTextBlock_lbl" xml:lang="en-US" id="id_8104553_2028535_2_1"> Fair Value Option </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueOptionTextBlock" xlink:to="us-gaap_FairValueOptionTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_FairValueOptionUnfundedLendingCommitmentsContractualAmount" xlink:label="gs_FairValueOptionUnfundedLendingCommitmentsContractualAmount"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_FairValueOptionUnfundedLendingCommitmentsContractualAmount_lbl" xml:lang="en-US" id="id_8104553_2043382_3_1"> Total contractual amount of unfunded commitments for which the fair value option was elected. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_FairValueOptionUnfundedLendingCommitmentsContractualAmount_lbl" xml:lang="en-US" id="id_8104553_2043382_1_1"> Fair Value Option Unfunded Lending Commitments Contractual Amount </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_FairValueOptionUnfundedLendingCommitmentsContractualAmount_lbl" xml:lang="en-US" id="id_8104553_2043382_2_1"> Total contractual amount of unfunded commitments for which the fair value option was elected </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_FairValueOptionUnfundedLendingCommitmentsContractualAmount" xlink:to="gs_FairValueOptionUnfundedLendingCommitmentsContractualAmount_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_FairValueOptionUnfundedLendingCommitmentsFairValue" xlink:label="gs_FairValueOptionUnfundedLendingCommitmentsFairValue"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_FairValueOptionUnfundedLendingCommitmentsFairValue_lbl" xml:lang="en-US" id="id_8104553_2305772_3_1"> Fair value of unfunded commitments for which the fair value option was elected. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_FairValueOptionUnfundedLendingCommitmentsFairValue_lbl" xml:lang="en-US" id="id_8104553_2305772_1_1"> Fair Value Option Unfunded Lending Commitments Fair Value </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_FairValueOptionUnfundedLendingCommitmentsFairValue_lbl" xml:lang="en-US" id="id_8104553_2305772_2_1"> Fair value of unfunded commitments for which the fair value option was elected </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_FairValueOptionUnfundedLendingCommitmentsFairValue" xlink:to="gs_FairValueOptionUnfundedLendingCommitmentsFairValue_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_FairValueTable" xlink:label="gs_FairValueTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_FairValueTable_lbl" xml:lang="en-US" id="id_8104553_2083813_3_1"> Fair Value [Table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_FairValueTable_lbl" xml:lang="en-US" id="id_8104553_2083813_1_1"> Fair Value [Table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_FairValueTable_lbl" xml:lang="en-US" id="id_8104553_2083813_2_1"> Fair Value [Table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_FairValueTable" xlink:to="gs_FairValueTable_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_February2012CommonStockOfferingMember" xlink:label="gs_February2012CommonStockOfferingMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_February2012CommonStockOfferingMember_lbl" xml:lang="en-US" id="id_8104553_2233296_3_1"> February 2012 Common Stock Offering [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_February2012CommonStockOfferingMember_lbl" xml:lang="en-US" id="id_8104553_2233296_1_1"> February 2012 Common Stock Offering [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_February2012CommonStockOfferingMember_lbl" xml:lang="en-US" id="id_8104553_2233296_2_1"> February 2012 Common Stock Offering [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_February2012CommonStockOfferingMember" xlink:to="gs_February2012CommonStockOfferingMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_February2012December2012AndMay2014OfferingsMember" xlink:label="gs_February2012December2012AndMay2014OfferingsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_February2012December2012AndMay2014OfferingsMember_lbl" xml:lang="en-US" id="id_8104553_2251562_3_1"> February 2012 December 2012 And May 2014 Offerings [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_February2012December2012AndMay2014OfferingsMember_lbl" xml:lang="en-US" id="id_8104553_2251562_1_1"> February 2012 December 2012 And May 2014 Offerings [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_February2012December2012AndMay2014OfferingsMember_lbl" xml:lang="en-US" id="id_8104553_2251562_2_1"> February 2012, December 2012 and May 2014 Offerings [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_February2012December2012AndMay2014OfferingsMember" xlink:to="gs_February2012December2012AndMay2014OfferingsMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FederalFundsSoldAndSecuritiesBorrowedOrPurchasedUnderAgreementsToResellFairValueDisclosure" xlink:label="us-gaap_FederalFundsSoldAndSecuritiesBorrowedOrPurchasedUnderAgreementsToResellFairValueDisclosure"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FederalFundsSoldAndSecuritiesBorrowedOrPurchasedUnderAgreementsToResellFairValueDisclosure_lbl" xml:lang="en-US" id="id_8104553_2023535_1_1"> Federal Funds Sold and Securities Borrowed or Purchased under Agreements to Resell, Fair Value Disclosure </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FederalFundsSoldAndSecuritiesBorrowedOrPurchasedUnderAgreementsToResellFairValueDisclosure_lbl" xml:lang="en-US" id="id_8104553_2023535_2_1"> Securities purchased under agreements to resell </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_FederalFundsSoldAndSecuritiesBorrowedOrPurchasedUnderAgreementsToResellFairValueDisclosure_lbl" xml:lang="en-US" id="id_8104553_2023535_12_1"> Securities purchased under agreements to resell and federal funds sold at fair value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FederalFundsSoldAndSecuritiesBorrowedOrPurchasedUnderAgreementsToResellFairValueDisclosure" xlink:to="us-gaap_FederalFundsSoldAndSecuritiesBorrowedOrPurchasedUnderAgreementsToResellFairValueDisclosure_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FederalFundsSoldAndSecuritiesPurchasedUnderAgreementsToResell" xlink:label="us-gaap_FederalFundsSoldAndSecuritiesPurchasedUnderAgreementsToResell"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FederalFundsSoldAndSecuritiesPurchasedUnderAgreementsToResell_lbl" xml:lang="en-US" id="id_8104553_2022855_1_1"> Federal Funds Sold and Securities Purchased under Agreements to Resell </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FederalFundsSoldAndSecuritiesPurchasedUnderAgreementsToResell_lbl" xml:lang="en-US" id="id_8104553_2022855_2_1"> Securities purchased under agreements to resell and federal funds sold (includes $93,352 and $119,450 at fair value as of September 2016 and December 2015, respectively) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FederalFundsSoldAndSecuritiesPurchasedUnderAgreementsToResell" xlink:to="us-gaap_FederalFundsSoldAndSecuritiesPurchasedUnderAgreementsToResell_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_FeesEarnedFromAffiliatedFundsTableTextBlock" xlink:label="gs_FeesEarnedFromAffiliatedFundsTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_FeesEarnedFromAffiliatedFundsTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2259777_3_1"> Fees earned from affiliated funds. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_FeesEarnedFromAffiliatedFundsTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2259777_1_1"> Fees Earned From Affiliated Funds Table [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_FeesEarnedFromAffiliatedFundsTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2259777_2_1"> Fees Earned from Affiliated Funds </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_FeesEarnedFromAffiliatedFundsTableTextBlock" xlink:to="gs_FeesEarnedFromAffiliatedFundsTableTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_FeesReceivableFromAffiliatedFundsAndAggregateCarryingValueOfFirmsInterestsInTheseFundsTableTextBlock" xlink:label="gs_FeesReceivableFromAffiliatedFundsAndAggregateCarryingValueOfFirmsInterestsInTheseFundsTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_FeesReceivableFromAffiliatedFundsAndAggregateCarryingValueOfFirmsInterestsInTheseFundsTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2053689_3_1"> Fees receivable from affiliated funds and the aggregate carrying value of the firm's interests in these funds. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_FeesReceivableFromAffiliatedFundsAndAggregateCarryingValueOfFirmsInterestsInTheseFundsTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2053689_1_1"> Fees Receivable From Affiliated Funds And Aggregate Carrying Value Of Firms Interests In These Funds Table [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_FeesReceivableFromAffiliatedFundsAndAggregateCarryingValueOfFirmsInterestsInTheseFundsTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2053689_2_1"> Fees Receivable from Affiliated Funds and the Aggregate Carrying Value of the Firm's Interests in these Funds </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_FeesReceivableFromAffiliatedFundsAndAggregateCarryingValueOfFirmsInterestsInTheseFundsTableTextBlock" xlink:to="gs_FeesReceivableFromAffiliatedFundsAndAggregateCarryingValueOfFirmsInterestsInTheseFundsTableTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_FeesReceivableFromNonConsolidatedInvestmentFunds" xlink:label="gs_FeesReceivableFromNonConsolidatedInvestmentFunds"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_FeesReceivableFromNonConsolidatedInvestmentFunds_lbl" xml:lang="en-US" id="id_8104553_2361638_3_1"> Fees receivable from nonconsolidated investment funds. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_FeesReceivableFromNonConsolidatedInvestmentFunds_lbl" xml:lang="en-US" id="id_8104553_2361638_1_1"> Fees Receivable From Non Consolidated Investment Funds </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_FeesReceivableFromNonConsolidatedInvestmentFunds_lbl" xml:lang="en-US" id="id_8104553_2361638_2_1"> Fees receivable from funds </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_FeesReceivableFromNonConsolidatedInvestmentFunds" xlink:to="gs_FeesReceivableFromNonConsolidatedInvestmentFunds_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_FinanceLoanAndLeaseReceivablesHeldForInvestmentPolicyTextBlock" xlink:label="gs_FinanceLoanAndLeaseReceivablesHeldForInvestmentPolicyTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_FinanceLoanAndLeaseReceivablesHeldForInvestmentPolicyTextBlock_lbl" xml:lang="en-US" id="id_8104553_2148961_3_1"> Finance loan and lease receivables held for investment. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_FinanceLoanAndLeaseReceivablesHeldForInvestmentPolicyTextBlock_lbl" xml:lang="en-US" id="id_8104553_2148961_1_1"> Finance Loan And Lease Receivables Held For Investment [Policy Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_FinanceLoanAndLeaseReceivablesHeldForInvestmentPolicyTextBlock_lbl" xml:lang="en-US" id="id_8104553_2148961_2_1"> Loans Receivable, Policy </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_FinanceLoanAndLeaseReceivablesHeldForInvestmentPolicyTextBlock" xlink:to="gs_FinanceLoanAndLeaseReceivablesHeldForInvestmentPolicyTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_FinancialAssetsFairValueDisclosure" xlink:label="gs_FinancialAssetsFairValueDisclosure"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_FinancialAssetsFairValueDisclosure_lbl" xml:lang="en-US" id="id_8104553_2138211_3_1"> Financial Assets Fair Value Disclosure </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_FinancialAssetsFairValueDisclosure_lbl" xml:lang="en-US" id="id_8104553_2138211_1_1"> Financial Assets Fair Value Disclosure </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="gs_FinancialAssetsFairValueDisclosure_lbl" xml:lang="en-US" id="id_8104553_2138211_6_1"> Total financial assets at fair value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_FinancialAssetsFairValueDisclosure" xlink:to="gs_FinancialAssetsFairValueDisclosure_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_FinancialAssetsLiabilitiesSummaryTableTextBlock" xlink:label="gs_FinancialAssetsLiabilitiesSummaryTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_FinancialAssetsLiabilitiesSummaryTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2249961_3_1"> Financial assets liabilities summary. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_FinancialAssetsLiabilitiesSummaryTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2249961_1_1"> Financial Assets Liabilities Summary Table [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_FinancialAssetsLiabilitiesSummaryTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2249961_2_1"> Financial Assets Liabilities Summary </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_FinancialAssetsLiabilitiesSummaryTableTextBlock" xlink:to="gs_FinancialAssetsLiabilitiesSummaryTableTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FinancialGuaranteeMember" xlink:label="us-gaap_FinancialGuaranteeMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinancialGuaranteeMember_lbl" xml:lang="en-US" id="id_8104553_2026562_1_1"> Financial Guarantee [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FinancialGuaranteeMember_lbl" xml:lang="en-US" id="id_8104553_2026562_2_1"> Financial Guarantee [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancialGuaranteeMember" xlink:to="us-gaap_FinancialGuaranteeMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FinancialInstrumentAxis" xlink:label="us-gaap_FinancialInstrumentAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinancialInstrumentAxis_lbl" xml:lang="en-US" id="id_8104553_2026789_1_1"> Financial Instrument [Axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FinancialInstrumentAxis_lbl" xml:lang="en-US" id="id_8104553_2026789_2_1"> Financial Instrument [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancialInstrumentAxis" xlink:to="us-gaap_FinancialInstrumentAxis_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_FinancialInstrumentsOwnedAndFinancialInstrumentsSoldButNotYetPurchasedTableTextBlock" xlink:label="gs_FinancialInstrumentsOwnedAndFinancialInstrumentsSoldButNotYetPurchasedTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_FinancialInstrumentsOwnedAndFinancialInstrumentsSoldButNotYetPurchasedTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2363332_3_1"> Financial instruments owned and financial instruments sold, but not yet purchased. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_FinancialInstrumentsOwnedAndFinancialInstrumentsSoldButNotYetPurchasedTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2363332_1_1"> Financial Instruments Owned And Financial Instruments Sold But Not Yet Purchased Table [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_FinancialInstrumentsOwnedAndFinancialInstrumentsSoldButNotYetPurchasedTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2363332_2_1"> Financial Instruments Owned and Financial Instruments Sold, But Not Yet Purchased </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_FinancialInstrumentsOwnedAndFinancialInstrumentsSoldButNotYetPurchasedTableTextBlock" xlink:to="gs_FinancialInstrumentsOwnedAndFinancialInstrumentsSoldButNotYetPurchasedTableTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAmountEligibleToBeRepledgedByCounterparty" xlink:label="us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAmountEligibleToBeRepledgedByCounterparty"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAmountEligibleToBeRepledgedByCounterparty_lbl" xml:lang="en-US" id="id_8104553_2035441_1_1"> Financial Instruments Owned and Pledged as Collateral, Amount Eligible to be Repledged by Counterparty </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAmountEligibleToBeRepledgedByCounterparty_lbl" xml:lang="en-US" id="id_8104553_2035441_2_1"> Financial instruments owned at fair value pledged in connection with repurchase agreements, securities lending agreements and other secured financings to counterparties that had the right to deliver or repledge </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAmountEligibleToBeRepledgedByCounterparty_lbl" xml:lang="en-US" id="id_8104553_2035441_12_1"> Financial instruments owned, at fair value pledged as collateral </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAmountEligibleToBeRepledgedByCounterparty" xlink:to="us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAmountEligibleToBeRepledgedByCounterparty_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAmountNotEligibleToBeRepledgedByCounterparty" xlink:label="us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAmountNotEligibleToBeRepledgedByCounterparty"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAmountNotEligibleToBeRepledgedByCounterparty_lbl" xml:lang="en-US" id="id_8104553_2026563_1_1"> Financial Instruments Owned and Pledged as Collateral, Amount Not Eligible to be Repledged by Counterparty </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAmountNotEligibleToBeRepledgedByCounterparty_lbl" xml:lang="en-US" id="id_8104553_2026563_2_1"> Financial instruments owned at fair value pledged in connection with repurchase agreements, securities lending agreements and other secured financings to counterparties that did not have right to deliver or repledge </label>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralLineItems_lbl" xml:lang="en-US" id="id_8104553_2027639_2_1"> Financial Instruments Owned and Pledged as Collateral [Line Items] </label>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralTable_lbl" xml:lang="en-US" id="id_8104553_2034838_2_1"> Financial Instruments Owned and Pledged as Collateral [Table] </label>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FinancialInstrumentsOwnedAtFairValue_lbl" xml:lang="en-US" id="id_8104553_2031972_2_1"> Financial instruments owned, at fair value </label>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_FinancialInstrumentsOwnedAtFairValueAndFinancialInstrumentsSoldButNotYetPurchasedAtFairValueAbstract_lbl" xml:lang="en-US" id="id_8104553_2203442_3_1"> Financial Instruments Owned At Fair Value And Financial Instruments Sold But Not Yet Purchased At Fair Value [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_FinancialInstrumentsOwnedAtFairValueAndFinancialInstrumentsSoldButNotYetPurchasedAtFairValueAbstract_lbl" xml:lang="en-US" id="id_8104553_2203442_1_1"> Financial Instruments Owned At Fair Value And Financial Instruments Sold But Not Yet Purchased At Fair Value [Abstract] </label>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_FinancialInstrumentsOwnedAtFairValueAndFinancialInstrumentsSoldButNotYetPurchasedAtFairValueTextBlock_lbl" xml:lang="en-US" id="id_8104553_2173322_3_1"> Financial instruments owned at fair value and financial instruments sold but not yet purchased at fair value. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_FinancialInstrumentsOwnedAtFairValueAndFinancialInstrumentsSoldButNotYetPurchasedAtFairValueTextBlock_lbl" xml:lang="en-US" id="id_8104553_2173322_1_1"> Financial Instruments Owned At Fair Value And Financial Instruments Sold But Not Yet Purchased At Fair Value [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_FinancialInstrumentsOwnedAtFairValueAndFinancialInstrumentsSoldButNotYetPurchasedAtFairValueTextBlock_lbl" xml:lang="en-US" id="id_8104553_2173322_2_1"> Financial Instruments Owned, at Fair Value and Financial Instruments Sold, But Not Yet Purchased, at Fair Value </label>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_FinancialInstrumentsOwnedAtFairValueAndOtherAssetsPledgedAsCollateralTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2347638_1_1"> Financial Instruments Owned At Fair Value And Other Assets Pledged As Collateral Table [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_FinancialInstrumentsOwnedAtFairValueAndOtherAssetsPledgedAsCollateralTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2347638_2_1"> Financial Instruments Owned, at Fair Value and Other Assets Pledged as Collateral </label>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_FinancialInstrumentsReceivedAsCollateralAndRepledgedTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2057638_3_1"> Financial instruments received as collateral and repledged. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_FinancialInstrumentsReceivedAsCollateralAndRepledgedTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2057638_1_1"> Financial Instruments Received As Collateral And Repledged Table [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_FinancialInstrumentsReceivedAsCollateralAndRepledgedTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2057638_2_1"> Financial Instruments Received as Collateral and Repledged </label>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_FinancialInstrumentsReceivedInExchangeForSoldAssetsAndLiabilitiesPreviouslyClassifiedAsHeldForSale_lbl" xml:lang="en-US" id="id_8104553_2385200_1_1"> Financial Instruments Received in Exchange for Sold Assets and Liabilities Previously Classified as Held for Sale </label>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FinancialInstrumentsSoldNotYetPurchasedAtFairValue_lbl" xml:lang="en-US" id="id_8104553_2026994_2_1"> Financial instruments sold, but not yet purchased, at fair value </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_FinancialInstrumentsSoldNotYetPurchasedAtFairValue_lbl" xml:lang="en-US" id="id_8104553_2026994_14_1"> Financial instruments sold, but not yet purchased, at fair value </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:label="us-gaap_FinancialInstrumentsSoldNotYetPurchasedAtFairValue_lbl" xml:lang="en-US" id="id_8104553_2026994_19_1"> Fair value included in financial instruments sold, but not yet purchased </label>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:label="us-gaap_FinancialLiabilitiesFairValueDisclosure_lbl" xml:lang="en-US" id="id_8104553_2023309_19_1"> Total financial liabilities at fair value </label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FinancingReceivableAllowanceForCreditLossesRollForward" xlink:label="us-gaap_FinancingReceivableAllowanceForCreditLossesRollForward"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinancingReceivableAllowanceForCreditLossesRollForward_lbl" xml:lang="en-US" id="id_8104553_2023713_1_1"> Financing Receivable, Allowance for Credit Losses [Roll Forward] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FinancingReceivableAllowanceForCreditLossesRollForward_lbl" xml:lang="en-US" id="id_8104553_2023713_2_1"> Financing Receivable, Allowance for Credit Losses [Roll Forward] </label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock" xlink:label="us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2033839_1_1"> Financing Receivable Credit Quality Indicators [Table Text Block] </label>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive_lbl" xml:lang="en-US" id="id_8104553_2026353_2_1"> Future amortization, 2021 </label>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear_lbl" xml:lang="en-US" id="id_8104553_2025929_2_1"> Remainder of 2016 </label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive_lbl" xml:lang="en-US" id="id_8104553_2026354_1_1"> Finite-Lived Intangible Assets, Amortization Expense, Year Five </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive_lbl" xml:lang="en-US" id="id_8104553_2026354_2_1"> Future amortization, 2020 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive" xlink:to="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour_lbl" xml:lang="en-US" id="id_8104553_2025281_1_1"> Finite-Lived Intangible Assets, Amortization Expense, Year Four </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour_lbl" xml:lang="en-US" id="id_8104553_2025281_2_1"> Future amortization, 2019 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour" xlink:to="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree_lbl" xml:lang="en-US" id="id_8104553_2023313_1_1"> Finite-Lived Intangible Assets, Amortization Expense, Year Three </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree_lbl" xml:lang="en-US" id="id_8104553_2023313_2_1"> Future amortization, 2018 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree" xlink:to="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo_lbl" xml:lang="en-US" id="id_8104553_2023314_1_1"> Finite-Lived Intangible Assets, Amortization Expense, Year Two </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo_lbl" xml:lang="en-US" id="id_8104553_2023314_2_1"> Future amortization, 2017 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo" xlink:to="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis" xlink:label="us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis_lbl" xml:lang="en-US" id="id_8104553_2035448_1_1"> Finite-Lived Intangible Assets by Major Class [Axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis_lbl" xml:lang="en-US" id="id_8104553_2035448_2_1"> Finite-Lived Intangible Assets by Major Class [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis" xlink:to="us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsFutureAmortizationExpenseAbstract" xlink:label="us-gaap_FiniteLivedIntangibleAssetsFutureAmortizationExpenseAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FiniteLivedIntangibleAssetsFutureAmortizationExpenseAbstract_lbl" xml:lang="en-US" id="id_8104553_2027644_1_1"> Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FiniteLivedIntangibleAssetsFutureAmortizationExpenseAbstract_lbl" xml:lang="en-US" id="id_8104553_2027644_2_1"> Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FiniteLivedIntangibleAssetsFutureAmortizationExpenseAbstract" xlink:to="us-gaap_FiniteLivedIntangibleAssetsFutureAmortizationExpenseAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsGross" xlink:label="us-gaap_FiniteLivedIntangibleAssetsGross"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FiniteLivedIntangibleAssetsGross_lbl" xml:lang="en-US" id="id_8104553_2021793_1_1"> Finite-Lived Intangible Assets, Gross </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FiniteLivedIntangibleAssetsGross_lbl" xml:lang="en-US" id="id_8104553_2021793_2_1"> Gross carrying amount </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FiniteLivedIntangibleAssetsGross" xlink:to="us-gaap_FiniteLivedIntangibleAssetsGross_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsLineItems" xlink:label="us-gaap_FiniteLivedIntangibleAssetsLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FiniteLivedIntangibleAssetsLineItems_lbl" xml:lang="en-US" id="id_8104553_2024610_1_1"> Finite-Lived Intangible Assets [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FiniteLivedIntangibleAssetsLineItems_lbl" xml:lang="en-US" id="id_8104553_2024610_2_1"> Finite-Lived Intangible Assets [Line Items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FiniteLivedIntangibleAssetsLineItems" xlink:to="us-gaap_FiniteLivedIntangibleAssetsLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain" xlink:label="us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_lbl" xml:lang="en-US" id="id_8104553_2027645_1_1"> Finite-Lived Intangible Assets, Major Class Name [Domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_lbl" xml:lang="en-US" id="id_8104553_2027645_2_1"> Finite-Lived Intangible Assets, Major Class Name [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain" xlink:to="us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsNet" xlink:label="us-gaap_FiniteLivedIntangibleAssetsNet"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FiniteLivedIntangibleAssetsNet_lbl" xml:lang="en-US" id="id_8104553_2031338_1_1"> Finite-Lived Intangible Assets, Net </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FiniteLivedIntangibleAssetsNet_lbl" xml:lang="en-US" id="id_8104553_2031338_2_1"> Identifiable Intangible Assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_FiniteLivedIntangibleAssetsNet_lbl" xml:lang="en-US" id="id_8104553_2031338_6_1"> Net carrying amount </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FiniteLivedIntangibleAssetsNet" xlink:to="us-gaap_FiniteLivedIntangibleAssetsNet_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetUsefulLife" xlink:label="us-gaap_FiniteLivedIntangibleAssetUsefulLife"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FiniteLivedIntangibleAssetUsefulLife_lbl" xml:lang="en-US" id="id_8104553_2034841_1_1"> Finite-Lived Intangible Asset, Useful Life </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FiniteLivedIntangibleAssetUsefulLife_lbl" xml:lang="en-US" id="id_8104553_2034841_2_1"> Identifiable intangible assets approximate weighted average remaining life in years </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FiniteLivedIntangibleAssetUsefulLife" xlink:to="us-gaap_FiniteLivedIntangibleAssetUsefulLife_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_FireEyeSecuritiesLitigationMember" xlink:label="gs_FireEyeSecuritiesLitigationMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_FireEyeSecuritiesLitigationMember_lbl" xml:lang="en-US" id="id_8104553_2042714_3_1"> Fire Eye Securities Litigation [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_FireEyeSecuritiesLitigationMember_lbl" xml:lang="en-US" id="id_8104553_2042714_1_1"> Fire Eye Securities Litigation [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_FireEyeSecuritiesLitigationMember_lbl" xml:lang="en-US" id="id_8104553_2042714_2_1"> Fire Eye Securities Litigation [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_FireEyeSecuritiesLitigationMember" xlink:to="gs_FireEyeSecuritiesLitigationMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_FirmsJuniorSubordinatedDebtHeldByTheTrustsExchangedForTrustPreferredSecuritiesAndCommonBeneficialInterestsHeldByTheFirm" xlink:label="gs_FirmsJuniorSubordinatedDebtHeldByTheTrustsExchangedForTrustPreferredSecuritiesAndCommonBeneficialInterestsHeldByTheFirm"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_FirmsJuniorSubordinatedDebtHeldByTheTrustsExchangedForTrustPreferredSecuritiesAndCommonBeneficialInterestsHeldByTheFirm_lbl" xml:lang="en-US" id="id_8104553_2176200_3_1"> The value of the firm's junior subordinated debt held by issuing trusts and exchanged with Trust Preferred Securities and common beneficial interests held by the firm during the fiscal year. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_FirmsJuniorSubordinatedDebtHeldByTheTrustsExchangedForTrustPreferredSecuritiesAndCommonBeneficialInterestsHeldByTheFirm_lbl" xml:lang="en-US" id="id_8104553_2176200_1_1"> Firms Junior Subordinated Debt Held By The Trusts Exchanged For Trust Preferred Securities And Common Beneficial Interests Held By The Firm </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_FirmsJuniorSubordinatedDebtHeldByTheTrustsExchangedForTrustPreferredSecuritiesAndCommonBeneficialInterestsHeldByTheFirm_lbl" xml:lang="en-US" id="id_8104553_2176200_2_1"> Firm's Junior subordinated debt held by the trusts exchanged for Trust Preferred Securities and common beneficial interests held by the firm </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_FirmsJuniorSubordinatedDebtHeldByTheTrustsExchangedForTrustPreferredSecuritiesAndCommonBeneficialInterestsHeldByTheFirm" xlink:to="gs_FirmsJuniorSubordinatedDebtHeldByTheTrustsExchangedForTrustPreferredSecuritiesAndCommonBeneficialInterestsHeldByTheFirm_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_FirmsJuniorSubordinatedDebtSecuritiesHeldByTrustExchangedWithSeniorGuaranteedTrustSecuritiesHeldByFirm" xlink:label="gs_FirmsJuniorSubordinatedDebtSecuritiesHeldByTrustExchangedWithSeniorGuaranteedTrustSecuritiesHeldByFirm"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_FirmsJuniorSubordinatedDebtSecuritiesHeldByTrustExchangedWithSeniorGuaranteedTrustSecuritiesHeldByFirm_lbl" xml:lang="en-US" id="id_8104553_2377928_3_1"> The value of firm's junior subordinated debt securities held by the Murray Street Investment Trust I and exchanged with senior guaranteed trust securities held by the firm during the second quarter of 2014. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_FirmsJuniorSubordinatedDebtSecuritiesHeldByTrustExchangedWithSeniorGuaranteedTrustSecuritiesHeldByFirm_lbl" xml:lang="en-US" id="id_8104553_2377928_1_1"> Firms Junior Subordinated Debt Securities Held By Trust Exchanged With Senior Guaranteed Trust Securities Held By Firm </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_FirmsJuniorSubordinatedDebtSecuritiesHeldByTrustExchangedWithSeniorGuaranteedTrustSecuritiesHeldByFirm_lbl" xml:lang="en-US" id="id_8104553_2377928_2_1"> Firm's Junior subordinated debt securities held by the Trust exchanged with senior guaranteed trust securities held by the firm </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_FirmsJuniorSubordinatedDebtSecuritiesHeldByTrustExchangedWithSeniorGuaranteedTrustSecuritiesHeldByFirm" xlink:to="gs_FirmsJuniorSubordinatedDebtSecuritiesHeldByTrustExchangedWithSeniorGuaranteedTrustSecuritiesHeldByFirm_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ForeignCountryMember" xlink:label="us-gaap_ForeignCountryMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ForeignCountryMember_lbl" xml:lang="en-US" id="id_8104553_2024390_1_1"> Foreign Tax Authority [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ForeignCountryMember_lbl" xml:lang="en-US" id="id_8104553_2024390_2_1"> Foreign Tax Authority [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ForeignCountryMember" xlink:to="us-gaap_ForeignCountryMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_ForeignCurrencyDenominatedDebtDesignatedAsForeignCurrencyHedge" xlink:label="gs_ForeignCurrencyDenominatedDebtDesignatedAsForeignCurrencyHedge"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_ForeignCurrencyDenominatedDebtDesignatedAsForeignCurrencyHedge_lbl" xml:lang="en-US" id="id_8104553_2149875_3_1"> Foreign currency denominated debt designated as foreign currency hedge included in unsecured long-term borrowings and unsecured short-term borrowings. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_ForeignCurrencyDenominatedDebtDesignatedAsForeignCurrencyHedge_lbl" xml:lang="en-US" id="id_8104553_2149875_1_1"> Foreign Currency Denominated Debt Designated As Foreign Currency Hedge </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_ForeignCurrencyDenominatedDebtDesignatedAsForeignCurrencyHedge_lbl" xml:lang="en-US" id="id_8104553_2149875_2_1"> Foreign Currency Denominated Debt Designated As Foreign Currency Hedge </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_ForeignCurrencyDenominatedDebtDesignatedAsForeignCurrencyHedge" xlink:to="gs_ForeignCurrencyDenominatedDebtDesignatedAsForeignCurrencyHedge_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock" xlink:label="us-gaap_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock_lbl" xml:lang="en-US" id="id_8104553_2027002_1_1"> Foreign Currency Transactions and Translations Policy [Policy Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock_lbl" xml:lang="en-US" id="id_8104553_2027002_2_1"> Foreign Currency Translation Translations, Policy </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock" xlink:to="us-gaap_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ForeignExchangeContractMember" xlink:label="us-gaap_ForeignExchangeContractMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ForeignExchangeContractMember_lbl" xml:lang="en-US" id="id_8104553_2021560_1_1"> Foreign Exchange Contract [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ForeignExchangeContractMember_lbl" xml:lang="en-US" id="id_8104553_2021560_2_1"> Foreign Exchange Contract [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ForeignExchangeContractMember" xlink:to="us-gaap_ForeignExchangeContractMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ForeignExchangeMember" xlink:label="us-gaap_ForeignExchangeMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ForeignExchangeMember_lbl" xml:lang="en-US" id="id_8104553_2025696_1_1"> Foreign Exchange [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ForeignExchangeMember_lbl" xml:lang="en-US" id="id_8104553_2025696_2_1"> Foreign Exchange [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ForeignExchangeMember" xlink:to="us-gaap_ForeignExchangeMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ForeignGovernmentDebtSecuritiesMember" xlink:label="us-gaap_ForeignGovernmentDebtSecuritiesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ForeignGovernmentDebtSecuritiesMember_lbl" xml:lang="en-US" id="id_8104553_2034617_1_1"> Foreign Government Debt Securities [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ForeignGovernmentDebtSecuritiesMember_lbl" xml:lang="en-US" id="id_8104553_2034617_2_1"> Non-U.S. Government and Agency Obligations [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ForeignGovernmentDebtSecuritiesMember" xlink:to="us-gaap_ForeignGovernmentDebtSecuritiesMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_ForfeitureOfShareBasedAwards" xlink:label="gs_ForfeitureOfShareBasedAwards"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_ForfeitureOfShareBasedAwards_lbl" xml:lang="en-US" id="id_8104553_2113254_3_1"> Forfeiture of share based awards. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_ForfeitureOfShareBasedAwards_lbl" xml:lang="en-US" id="id_8104553_2113254_1_1"> Forfeiture Of Share Based Awards </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_ForfeitureOfShareBasedAwards_lbl" xml:lang="en-US" id="id_8104553_2113254_2_1"> Forfeiture of share-based awards </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_ForfeitureOfShareBasedAwards" xlink:to="gs_ForfeitureOfShareBasedAwards_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_ForwardStartingRepurchaseAndSecuredLendingAgreements" xlink:label="gs_ForwardStartingRepurchaseAndSecuredLendingAgreements"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_ForwardStartingRepurchaseAndSecuredLendingAgreements_lbl" xml:lang="en-US" id="id_8104553_2337878_3_1"> Amount of commitments related to forward starting repurchase and secured lending agreements. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_ForwardStartingRepurchaseAndSecuredLendingAgreements_lbl" xml:lang="en-US" id="id_8104553_2337878_1_1"> Forward Starting Repurchase And Secured Lending Agreements </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_ForwardStartingRepurchaseAndSecuredLendingAgreements_lbl" xml:lang="en-US" id="id_8104553_2337878_2_1"> Forward starting repurchase and secured lending agreements </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_ForwardStartingRepurchaseAndSecuredLendingAgreements" xlink:to="gs_ForwardStartingRepurchaseAndSecuredLendingAgreements_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_GainLossOnContractTermination" xlink:label="us-gaap_GainLossOnContractTermination"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_GainLossOnContractTermination_lbl" xml:lang="en-US" id="id_8104553_2034620_1_1"> Gain (Loss) on Contract Termination </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_GainLossOnContractTermination_lbl" xml:lang="en-US" id="id_8104553_2034620_2_1"> Exit costs incurred </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GainLossOnContractTermination" xlink:to="us-gaap_GainLossOnContractTermination_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_GainLossOnFairValueHedgeIneffectivenessNet" xlink:label="us-gaap_GainLossOnFairValueHedgeIneffectivenessNet"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_GainLossOnFairValueHedgeIneffectivenessNet_lbl" xml:lang="en-US" id="id_8104553_2027226_1_1"> Gain (Loss) on Fair Value Hedge Ineffectiveness, Net </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_GainLossOnFairValueHedgeIneffectivenessNet_lbl" xml:lang="en-US" id="id_8104553_2027226_6_1"> Derivative, Net Hedge Ineffectiveness Gain (Loss) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GainLossOnFairValueHedgeIneffectivenessNet" xlink:to="us-gaap_GainLossOnFairValueHedgeIneffectivenessNet_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_GainLossRecognizedOnForeignCurrencyDenominatedDebtDesignatedAsForeignCurrencyHedge" xlink:label="gs_GainLossRecognizedOnForeignCurrencyDenominatedDebtDesignatedAsForeignCurrencyHedge"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_GainLossRecognizedOnForeignCurrencyDenominatedDebtDesignatedAsForeignCurrencyHedge_lbl" xml:lang="en-US" id="id_8104553_2173595_3_1"> Gain or loss on foreign currency denominated debt designated as foreign currency hedge included in "Currency translation adjustment, net of tax". </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_GainLossRecognizedOnForeignCurrencyDenominatedDebtDesignatedAsForeignCurrencyHedge_lbl" xml:lang="en-US" id="id_8104553_2173595_1_1"> Gain Loss Recognized On Foreign Currency Denominated Debt Designated As Foreign Currency Hedge </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_GainLossRecognizedOnForeignCurrencyDenominatedDebtDesignatedAsForeignCurrencyHedge_lbl" xml:lang="en-US" id="id_8104553_2173595_2_1"> Gain (Loss) Recognized On Foreign Currency Denominated Debt Designated As Foreign Currency Hedge </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_GainLossRecognizedOnForeignCurrencyDenominatedDebtDesignatedAsForeignCurrencyHedge" xlink:to="gs_GainLossRecognizedOnForeignCurrencyDenominatedDebtDesignatedAsForeignCurrencyHedge_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_GainsLossesOnExtinguishmentOfDebt" xlink:label="us-gaap_GainsLossesOnExtinguishmentOfDebt"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_GainsLossesOnExtinguishmentOfDebt_lbl" xml:lang="en-US" id="id_8104553_2031113_1_1"> Gain (Loss) on Extinguishment of Debt </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_GainsLossesOnExtinguishmentOfDebt_lbl" xml:lang="en-US" id="id_8104553_2031113_14_1"> Gain related to extinguishment of junior subordinated debt </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GainsLossesOnExtinguishmentOfDebt" xlink:to="us-gaap_GainsLossesOnExtinguishmentOfDebt_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/country/2016/country-2016-01-31.xsd#country_GB" xlink:label="country_GB"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_GB_lbl" xml:lang="en-US" id="id_8104553_2024405_1_1"> UNITED KINGDOM </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="country_GB_lbl" xml:lang="en-US" id="id_8104553_2024405_2_1"> United Kingdom [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_GB" xlink:to="country_GB_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_GECapitalBankMember" xlink:label="gs_GECapitalBankMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_GECapitalBankMember_lbl" xml:lang="en-US" id="id_8104553_2386763_3_1"> GE Capital Bank [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_GECapitalBankMember_lbl" xml:lang="en-US" id="id_8104553_2386763_1_1"> GE Capital Bank [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_GECapitalBankMember_lbl" xml:lang="en-US" id="id_8104553_2386763_2_1"> GE Capital Bank [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_GECapitalBankMember" xlink:to="gs_GECapitalBankMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_GeographicReportingInformationPercentageOfOperatingIncomeLoss" xlink:label="gs_GeographicReportingInformationPercentageOfOperatingIncomeLoss"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_GeographicReportingInformationPercentageOfOperatingIncomeLoss_lbl" xml:lang="en-US" id="id_8104553_2241611_3_1"> Represents the percentage total pre-tax earnings allocated to this geographic region. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_GeographicReportingInformationPercentageOfOperatingIncomeLoss_lbl" xml:lang="en-US" id="id_8104553_2241611_1_1"> Geographic Reporting Information Percentage Of Operating Income Loss </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_GeographicReportingInformationPercentageOfOperatingIncomeLoss_lbl" xml:lang="en-US" id="id_8104553_2241611_2_1"> Percentage of total pre-tax earnings </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_GeographicReportingInformationPercentageOfOperatingIncomeLoss" xlink:to="gs_GeographicReportingInformationPercentageOfOperatingIncomeLoss_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_GeographicReportingInformationPercentageOfRevenues" xlink:label="gs_GeographicReportingInformationPercentageOfRevenues"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_GeographicReportingInformationPercentageOfRevenues_lbl" xml:lang="en-US" id="id_8104553_2338051_3_1"> Represents the percentage total net revenues allocated to this geographic region. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_GeographicReportingInformationPercentageOfRevenues_lbl" xml:lang="en-US" id="id_8104553_2338051_1_1"> Geographic Reporting Information Percentage Of Revenues </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_GeographicReportingInformationPercentageOfRevenues_lbl" xml:lang="en-US" id="id_8104553_2338051_2_1"> Percentage of total net revenues </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_GeographicReportingInformationPercentageOfRevenues" xlink:to="gs_GeographicReportingInformationPercentageOfRevenues_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_Goodwill" xlink:label="us-gaap_Goodwill"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_Goodwill_lbl" xml:lang="en-US" id="id_8104553_2031370_1_1"> Goodwill </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_Goodwill_lbl" xml:lang="en-US" id="id_8104553_2031370_2_1"> Goodwill </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Goodwill" xlink:to="us-gaap_Goodwill_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract" xlink:label="us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract_lbl" xml:lang="en-US" id="id_8104553_2024406_1_1"> Goodwill and Intangible Assets Disclosure [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract_lbl" xml:lang="en-US" id="id_8104553_2024406_2_1"> Goodwill and Intangible Assets Disclosure [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract" xlink:to="us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_GoodwillAndIntangibleAssetsPolicyTextBlock" xlink:label="us-gaap_GoodwillAndIntangibleAssetsPolicyTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_GoodwillAndIntangibleAssetsPolicyTextBlock_lbl" xml:lang="en-US" id="id_8104553_2021808_1_1"> Goodwill and Intangible Assets, Policy [Policy Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_GoodwillAndIntangibleAssetsPolicyTextBlock_lbl" xml:lang="en-US" id="id_8104553_2021808_2_1"> Goodwill and Intangible Assets, Policy </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GoodwillAndIntangibleAssetsPolicyTextBlock" xlink:to="us-gaap_GoodwillAndIntangibleAssetsPolicyTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_GrossFairValueOfDerivativeMember" xlink:label="gs_GrossFairValueOfDerivativeMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_GrossFairValueOfDerivativeMember_lbl" xml:lang="en-US" id="id_8104553_2107039_3_1"> Gross Fair Value of Derivative [Member]. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_GrossFairValueOfDerivativeMember_lbl" xml:lang="en-US" id="id_8104553_2107039_1_1"> Gross Fair Value Of Derivative [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_GrossFairValueOfDerivativeMember_lbl" xml:lang="en-US" id="id_8104553_2107039_2_1"> Gross Fair Value Of Derivative [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_GrossFairValueOfDerivativeMember" xlink:to="gs_GrossFairValueOfDerivativeMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_GtAdvancedTechnologiesSecuritiesLitigationMember" xlink:label="gs_GtAdvancedTechnologiesSecuritiesLitigationMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_GtAdvancedTechnologiesSecuritiesLitigationMember_lbl" xml:lang="en-US" id="id_8104553_2283997_3_1"> GT Advanced Technologies Securities Litigation [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_GtAdvancedTechnologiesSecuritiesLitigationMember_lbl" xml:lang="en-US" id="id_8104553_2283997_1_1"> GT Advanced Technologies Securities Litigation [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_GtAdvancedTechnologiesSecuritiesLitigationMember_lbl" xml:lang="en-US" id="id_8104553_2283997_2_1"> GT Advanced Technologies Securities Litigation [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_GtAdvancedTechnologiesSecuritiesLitigationMember" xlink:to="gs_GtAdvancedTechnologiesSecuritiesLitigationMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_GuaranteeMaximumPayoutAndCarryingValueTableTextBlock" xlink:label="gs_GuaranteeMaximumPayoutAndCarryingValueTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_GuaranteeMaximumPayoutAndCarryingValueTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2375643_3_1"> Maximum potential amount of future payments (undiscounted) the guarantor could be required to make under the guarantee or each group of similar guarantees before reduction for potential recoveries under recourse or collateralization provisions. Also includes the current carrying amount of the liability for the guarantor's obligations under the guarantee or each group of similar guarantees. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_GuaranteeMaximumPayoutAndCarryingValueTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2375643_1_1"> Guarantee Maximum Payout And Carrying Value Table [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_GuaranteeMaximumPayoutAndCarryingValueTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2375643_2_1"> Guarantees </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_GuaranteeMaximumPayoutAndCarryingValueTableTextBlock" xlink:to="gs_GuaranteeMaximumPayoutAndCarryingValueTableTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_GuaranteeObligationsByNatureAxis" xlink:label="us-gaap_GuaranteeObligationsByNatureAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_GuaranteeObligationsByNatureAxis_lbl" xml:lang="en-US" id="id_8104553_2025713_1_1"> Guarantor Obligations, Nature [Axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_GuaranteeObligationsByNatureAxis_lbl" xml:lang="en-US" id="id_8104553_2025713_2_1"> Guarantor Obligations, Nature [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GuaranteeObligationsByNatureAxis" xlink:to="us-gaap_GuaranteeObligationsByNatureAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_GuaranteeObligationsCurrentCarryingValue" xlink:label="us-gaap_GuaranteeObligationsCurrentCarryingValue"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_GuaranteeObligationsCurrentCarryingValue_lbl" xml:lang="en-US" id="id_8104553_2022890_1_1"> Guarantor Obligations, Current Carrying Value </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_GuaranteeObligationsCurrentCarryingValue_lbl" xml:lang="en-US" id="id_8104553_2022890_2_1"> Carrying Value of Net Liability </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GuaranteeObligationsCurrentCarryingValue" xlink:to="us-gaap_GuaranteeObligationsCurrentCarryingValue_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_GuaranteeObligationsLineItems" xlink:label="us-gaap_GuaranteeObligationsLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_GuaranteeObligationsLineItems_lbl" xml:lang="en-US" id="id_8104553_2031119_1_1"> Guarantor Obligations [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_GuaranteeObligationsLineItems_lbl" xml:lang="en-US" id="id_8104553_2031119_2_1"> Guarantor Obligations [Line Items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GuaranteeObligationsLineItems" xlink:to="us-gaap_GuaranteeObligationsLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_GuaranteeObligationsMaximumExposure" xlink:label="us-gaap_GuaranteeObligationsMaximumExposure"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_GuaranteeObligationsMaximumExposure_lbl" xml:lang="en-US" id="id_8104553_2024410_1_1"> Guarantor Obligations, Maximum Exposure, Undiscounted </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_GuaranteeObligationsMaximumExposure_lbl" xml:lang="en-US" id="id_8104553_2024410_2_1"> Maximum Payout/Notional Amount by Period of Expiration </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GuaranteeObligationsMaximumExposure" xlink:to="us-gaap_GuaranteeObligationsMaximumExposure_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_GuaranteeObligationsNatureDomain" xlink:label="us-gaap_GuaranteeObligationsNatureDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_GuaranteeObligationsNatureDomain_lbl" xml:lang="en-US" id="id_8104553_2033865_1_1"> Guarantor Obligations, Nature [Domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_GuaranteeObligationsNatureDomain_lbl" xml:lang="en-US" id="id_8104553_2033865_2_1"> Guarantor Obligations, Nature [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GuaranteeObligationsNatureDomain" xlink:to="us-gaap_GuaranteeObligationsNatureDomain_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_HedgeAccountingPolicyTextBlock" xlink:label="gs_HedgeAccountingPolicyTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_HedgeAccountingPolicyTextBlock_lbl" xml:lang="en-US" id="id_8104553_2259935_3_1"> Describes the entity's accounting policy for hedge accounting. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_HedgeAccountingPolicyTextBlock_lbl" xml:lang="en-US" id="id_8104553_2259935_1_1"> Hedge Accounting Policy [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_HedgeAccountingPolicyTextBlock_lbl" xml:lang="en-US" id="id_8104553_2259935_2_1"> Hedge Accounting, Policy </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_HedgeAccountingPolicyTextBlock" xlink:to="gs_HedgeAccountingPolicyTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_HedgeFundsMember" xlink:label="us-gaap_HedgeFundsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_HedgeFundsMember_lbl" xml:lang="en-US" id="id_8104553_2030906_1_1"> Hedge Funds [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_HedgeFundsMember_lbl" xml:lang="en-US" id="id_8104553_2030906_2_1"> Hedge Funds [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_HedgeFundsMember" xlink:to="us-gaap_HedgeFundsMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_HedgingDesignationAxis" xlink:label="us-gaap_HedgingDesignationAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_HedgingDesignationAxis_lbl" xml:lang="en-US" id="id_8104553_2034079_1_1"> Hedging Designation [Axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_HedgingDesignationAxis_lbl" xml:lang="en-US" id="id_8104553_2034079_2_1"> Hedging Designation [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_HedgingDesignationAxis" xlink:to="us-gaap_HedgingDesignationAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_HedgingDesignationDomain" xlink:label="us-gaap_HedgingDesignationDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_HedgingDesignationDomain_lbl" xml:lang="en-US" id="id_8104553_2030907_1_1"> Hedging Designation [Domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_HedgingDesignationDomain_lbl" xml:lang="en-US" id="id_8104553_2030907_2_1"> Hedging Designation [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_HedgingDesignationDomain" xlink:to="us-gaap_HedgingDesignationDomain_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_HedgingRelationshipDomain" xlink:label="us-gaap_HedgingRelationshipDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_HedgingRelationshipDomain_lbl" xml:lang="en-US" id="id_8104553_2029426_1_1"> Hedging Relationship [Domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_HedgingRelationshipDomain_lbl" xml:lang="en-US" id="id_8104553_2029426_2_1"> Hedging Relationship [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_HedgingRelationshipDomain" xlink:to="us-gaap_HedgingRelationshipDomain_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/country/2016/country-2016-01-31.xsd#country_HK" xlink:label="country_HK"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_HK_lbl" xml:lang="en-US" id="id_8104553_2021583_1_1"> HONG KONG </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="country_HK_lbl" xml:lang="en-US" id="id_8104553_2021583_2_1"> Hong Kong [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_HK" xlink:to="country_HK_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_HybridCapitalRulesMember" xlink:label="gs_HybridCapitalRulesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_HybridCapitalRulesMember_lbl" xml:lang="en-US" id="id_8104553_2145277_3_1"> Hybrid Capital Rules [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_HybridCapitalRulesMember_lbl" xml:lang="en-US" id="id_8104553_2145277_1_1"> Hybrid Capital Rules [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_HybridCapitalRulesMember_lbl" xml:lang="en-US" id="id_8104553_2145277_2_1"> Hybrid Capital Rules [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_HybridCapitalRulesMember" xlink:to="gs_HybridCapitalRulesMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_HybridFinancialInstruments" xlink:label="gs_HybridFinancialInstruments"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_HybridFinancialInstruments_lbl" xml:lang="en-US" id="id_8104553_2345694_3_1"> Short-term instruments that contain bifurcatable embedded derivatives and do not require settlement by physical delivery of non-financial assets (e.g., physical commodities). </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_HybridFinancialInstruments_lbl" xml:lang="en-US" id="id_8104553_2345694_1_1"> Hybrid Financial Instruments </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_HybridFinancialInstruments_lbl" xml:lang="en-US" id="id_8104553_2345694_2_1"> Hybrid financial instruments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_HybridFinancialInstruments" xlink:to="gs_HybridFinancialInstruments_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_IdentifiableIntangibleAssetsDeductedFromCet1DuringTransitionalPeriod" xlink:label="gs_IdentifiableIntangibleAssetsDeductedFromCet1DuringTransitionalPeriod"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_IdentifiableIntangibleAssetsDeductedFromCet1DuringTransitionalPeriod_lbl" xml:lang="en-US" id="id_8104553_2092498_3_1"> Identifiable intangible assets deducted from CET1 during transitional period (represents 20% of total identifiable intangible assets) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_IdentifiableIntangibleAssetsDeductedFromCet1DuringTransitionalPeriod_lbl" xml:lang="en-US" id="id_8104553_2092498_1_1"> Identifiable Intangible Assets Deducted From CET1 During Transitional Period </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_IdentifiableIntangibleAssetsDeductedFromCet1DuringTransitionalPeriod_lbl" xml:lang="en-US" id="id_8104553_2092498_2_1"> Identifiable intangible assets deducted from CET1 during transitional period </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_IdentifiableIntangibleAssetsDeductedFromCet1DuringTransitionalPeriod" xlink:to="gs_IdentifiableIntangibleAssetsDeductedFromCet1DuringTransitionalPeriod_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_ImpactOfUnvestedShareBasedPaymentAwardsAsSeparateClassOfSecuritiesOnEarningsPerShareBasic" xlink:label="gs_ImpactOfUnvestedShareBasedPaymentAwardsAsSeparateClassOfSecuritiesOnEarningsPerShareBasic"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_ImpactOfUnvestedShareBasedPaymentAwardsAsSeparateClassOfSecuritiesOnEarningsPerShareBasic_lbl" xml:lang="en-US" id="id_8104553_2293476_3_1"> Expressed in per-share terms, the dollar amount of the impact of applying the methodology of treating unvested share-based payment awards that have non-forfeitable rights to dividends or dividend equivalents as a separate class of securities when calculating basic earnings per common share. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_ImpactOfUnvestedShareBasedPaymentAwardsAsSeparateClassOfSecuritiesOnEarningsPerShareBasic_lbl" xml:lang="en-US" id="id_8104553_2293476_1_1"> Impact Of Unvested Share Based Payment Awards As Separate Class Of Securities On Earnings Per Share Basic </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_ImpactOfUnvestedShareBasedPaymentAwardsAsSeparateClassOfSecuritiesOnEarningsPerShareBasic_lbl" xml:lang="en-US" id="id_8104553_2293476_2_1"> Reduction per common share due to impact of applying the amended principles to basic earnings per common share </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_ImpactOfUnvestedShareBasedPaymentAwardsAsSeparateClassOfSecuritiesOnEarningsPerShareBasic" xlink:to="gs_ImpactOfUnvestedShareBasedPaymentAwardsAsSeparateClassOfSecuritiesOnEarningsPerShareBasic_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ImpairedFinancingReceivableRecordedInvestment" xlink:label="us-gaap_ImpairedFinancingReceivableRecordedInvestment"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ImpairedFinancingReceivableRecordedInvestment_lbl" xml:lang="en-US" id="id_8104553_2029434_1_1"> Impaired Financing Receivable, Recorded Investment </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ImpairedFinancingReceivableRecordedInvestment_lbl" xml:lang="en-US" id="id_8104553_2029434_2_1"> Impaired loans receivable (excluding PCI loans) in non-accrual status </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ImpairedFinancingReceivableRecordedInvestment" xlink:to="us-gaap_ImpairedFinancingReceivableRecordedInvestment_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" xlink:label="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_lbl" xml:lang="en-US" id="id_8104553_2030271_1_1"> Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_lbl" xml:lang="en-US" id="id_8104553_2030271_2_1"> Pre-tax earnings </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_lbl" xml:lang="en-US" id="id_8104553_2030271_6_1"> Pre-tax earnings </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" xlink:to="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeStatementAbstract" xlink:label="us-gaap_IncomeStatementAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeStatementAbstract_lbl" xml:lang="en-US" id="id_8104553_2034283_1_1"> Income Statement [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_IncomeStatementAbstract_lbl" xml:lang="en-US" id="id_8104553_2034283_2_1"> Income Statement [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeStatementAbstract" xlink:to="us-gaap_IncomeStatementAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeStatementLocationAxis" xlink:label="us-gaap_IncomeStatementLocationAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeStatementLocationAxis_lbl" xml:lang="en-US" id="id_8104553_2029841_1_1"> Income Statement Location [Axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_IncomeStatementLocationAxis_lbl" xml:lang="en-US" id="id_8104553_2029841_2_1"> Income Statement Location [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeStatementLocationAxis" xlink:to="us-gaap_IncomeStatementLocationAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeStatementLocationDomain" xlink:label="us-gaap_IncomeStatementLocationDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeStatementLocationDomain_lbl" xml:lang="en-US" id="id_8104553_2031134_1_1"> Income Statement Location [Domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_IncomeStatementLocationDomain_lbl" xml:lang="en-US" id="id_8104553_2031134_2_1"> Income Statement Location [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeStatementLocationDomain" xlink:to="us-gaap_IncomeStatementLocationDomain_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeTaxAuthorityAxis" xlink:label="us-gaap_IncomeTaxAuthorityAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeTaxAuthorityAxis_lbl" xml:lang="en-US" id="id_8104553_2031777_1_1"> Income Tax Authority [Axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_IncomeTaxAuthorityAxis_lbl" xml:lang="en-US" id="id_8104553_2031777_2_1"> Income Tax Authority [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxAuthorityAxis" xlink:to="us-gaap_IncomeTaxAuthorityAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeTaxAuthorityDomain" xlink:label="us-gaap_IncomeTaxAuthorityDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeTaxAuthorityDomain_lbl" xml:lang="en-US" id="id_8104553_2029842_1_1"> Income Tax Authority [Domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_IncomeTaxAuthorityDomain_lbl" xml:lang="en-US" id="id_8104553_2029842_2_1"> Income Tax Authority [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxAuthorityDomain" xlink:to="us-gaap_IncomeTaxAuthorityDomain_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeTaxDisclosureAbstract" xlink:label="us-gaap_IncomeTaxDisclosureAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeTaxDisclosureAbstract_lbl" xml:lang="en-US" id="id_8104553_2029645_1_1"> Income Tax Disclosure [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_IncomeTaxDisclosureAbstract_lbl" xml:lang="en-US" id="id_8104553_2029645_2_1"> Income Tax Disclosure [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxDisclosureAbstract" xlink:to="us-gaap_IncomeTaxDisclosureAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeTaxDisclosureTextBlock" xlink:label="us-gaap_IncomeTaxDisclosureTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeTaxDisclosureTextBlock_lbl" xml:lang="en-US" id="id_8104553_2029440_1_1"> Income Tax Disclosure [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_IncomeTaxDisclosureTextBlock_lbl" xml:lang="en-US" id="id_8104553_2029440_2_1"> Income Taxes </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxDisclosureTextBlock" xlink:to="us-gaap_IncomeTaxDisclosureTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeTaxesPaidNet" xlink:label="us-gaap_IncomeTaxesPaidNet"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeTaxesPaidNet_lbl" xml:lang="en-US" id="id_8104553_2033273_1_1"> Income Taxes Paid, Net </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_IncomeTaxesPaidNet_lbl" xml:lang="en-US" id="id_8104553_2033273_2_1"> Cash payments for income taxes, net of refunds </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxesPaidNet" xlink:to="us-gaap_IncomeTaxesPaidNet_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeTaxExaminationLineItems" xlink:label="us-gaap_IncomeTaxExaminationLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeTaxExaminationLineItems_lbl" xml:lang="en-US" id="id_8104553_2032014_1_1"> Income Tax Examination [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_IncomeTaxExaminationLineItems_lbl" xml:lang="en-US" id="id_8104553_2032014_2_1"> Income Tax Examination [Line Items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxExaminationLineItems" xlink:to="us-gaap_IncomeTaxExaminationLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeTaxExaminationTable" xlink:label="us-gaap_IncomeTaxExaminationTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeTaxExaminationTable_lbl" xml:lang="en-US" id="id_8104553_2030058_1_1"> Income Tax Examination [Table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_IncomeTaxExaminationTable_lbl" xml:lang="en-US" id="id_8104553_2030058_2_1"> Income Tax Examination [Table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxExaminationTable" xlink:to="us-gaap_IncomeTaxExaminationTable_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeTaxExpenseBenefit" xlink:label="us-gaap_IncomeTaxExpenseBenefit"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeTaxExpenseBenefit_lbl" xml:lang="en-US" id="id_8104553_2034285_1_1"> Income Tax Expense (Benefit) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_IncomeTaxExpenseBenefit_lbl" xml:lang="en-US" id="id_8104553_2034285_2_1"> Provision for taxes </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxExpenseBenefit" xlink:to="us-gaap_IncomeTaxExpenseBenefit_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeTaxPolicyTextBlock" xlink:label="us-gaap_IncomeTaxPolicyTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeTaxPolicyTextBlock_lbl" xml:lang="en-US" id="id_8104553_2034647_1_1"> Income Tax, Policy [Policy Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_IncomeTaxPolicyTextBlock_lbl" xml:lang="en-US" id="id_8104553_2034647_2_1"> Income Tax, Policy </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxPolicyTextBlock" xlink:to="us-gaap_IncomeTaxPolicyTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_IncomeTaxRelatedAssets" xlink:label="gs_IncomeTaxRelatedAssets"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_IncomeTaxRelatedAssets_lbl" xml:lang="en-US" id="id_8104553_2183771_3_1"> Income tax-related assets. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_IncomeTaxRelatedAssets_lbl" xml:lang="en-US" id="id_8104553_2183771_1_1"> Income Tax Related Assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_IncomeTaxRelatedAssets_lbl" xml:lang="en-US" id="id_8104553_2183771_2_1"> Income tax-related assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_IncomeTaxRelatedAssets" xlink:to="gs_IncomeTaxRelatedAssets_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_IncomeTaxRelatedLiabilities" xlink:label="gs_IncomeTaxRelatedLiabilities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_IncomeTaxRelatedLiabilities_lbl" xml:lang="en-US" id="id_8104553_2254469_3_1"> Income tax-related liabilities. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_IncomeTaxRelatedLiabilities_lbl" xml:lang="en-US" id="id_8104553_2254469_1_1"> Income Tax Related Liabilities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_IncomeTaxRelatedLiabilities_lbl" xml:lang="en-US" id="id_8104553_2254469_2_1"> Income tax-related liabilities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_IncomeTaxRelatedLiabilities" xlink:to="gs_IncomeTaxRelatedLiabilities_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_IncreasedDeductionsDueToTransitionalProvisions" xlink:label="gs_IncreasedDeductionsDueToTransitionalProvisions"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_IncreasedDeductionsDueToTransitionalProvisions_lbl" xml:lang="en-US" id="id_8104553_2252950_3_1"> Change in transitional provisions related to capital rules. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_IncreasedDeductionsDueToTransitionalProvisions_lbl" xml:lang="en-US" id="id_8104553_2252950_1_1"> Increased Deductions Due To Transitional Provisions </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_IncreasedDeductionsDueToTransitionalProvisions_lbl" xml:lang="en-US" id="id_8104553_2252950_2_1"> Change in deductions due to transitional provisions </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_IncreasedDeductionsDueToTransitionalProvisions" xlink:to="gs_IncreasedDeductionsDueToTransitionalProvisions_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_IncreaseDecreaseInCollateralizedTransactionsExcludingOtherSecuredFinancingsNet" xlink:label="gs_IncreaseDecreaseInCollateralizedTransactionsExcludingOtherSecuredFinancingsNet"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_IncreaseDecreaseInCollateralizedTransactionsExcludingOtherSecuredFinancingsNet_lbl" xml:lang="en-US" id="id_8104553_2329964_3_1"> Change in collateralized transactions excluding other secured financings net. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_IncreaseDecreaseInCollateralizedTransactionsExcludingOtherSecuredFinancingsNet_lbl" xml:lang="en-US" id="id_8104553_2329964_1_1"> Increase Decrease In Collateralized Transactions Excluding Other Secured Financings Net </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="gs_IncreaseDecreaseInCollateralizedTransactionsExcludingOtherSecuredFinancingsNet_lbl" xml:lang="en-US" id="id_8104553_2329964_14_1"> Collateralized transactions (excluding other secured financings), net </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_IncreaseDecreaseInCollateralizedTransactionsExcludingOtherSecuredFinancingsNet" xlink:to="gs_IncreaseDecreaseInCollateralizedTransactionsExcludingOtherSecuredFinancingsNet_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncreaseDecreaseInDeposits" xlink:label="us-gaap_IncreaseDecreaseInDeposits"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncreaseDecreaseInDeposits_lbl" xml:lang="en-US" id="id_8104553_2021596_1_1"> Increase (Decrease) in Deposits </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_IncreaseDecreaseInDeposits_lbl" xml:lang="en-US" id="id_8104553_2021596_2_1"> Deposits, net </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInDeposits" xlink:to="us-gaap_IncreaseDecreaseInDeposits_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncreaseDecreaseInFinancialInstrumentsSoldNotYetPurchased" xlink:label="us-gaap_IncreaseDecreaseInFinancialInstrumentsSoldNotYetPurchased"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncreaseDecreaseInFinancialInstrumentsSoldNotYetPurchased_lbl" xml:lang="en-US" id="id_8104553_2030482_1_1"> Increase (Decrease) in Financial Instruments Sold, Not yet Purchased </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_IncreaseDecreaseInFinancialInstrumentsSoldNotYetPurchased_lbl" xml:lang="en-US" id="id_8104553_2030482_2_1"> Financial instruments sold, but not yet purchased, at fair value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInFinancialInstrumentsSoldNotYetPurchased" xlink:to="us-gaap_IncreaseDecreaseInFinancialInstrumentsSoldNotYetPurchased_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncreaseDecreaseInFinancialInstrumentsUsedInOperatingActivities" xlink:label="us-gaap_IncreaseDecreaseInFinancialInstrumentsUsedInOperatingActivities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncreaseDecreaseInFinancialInstrumentsUsedInOperatingActivities_lbl" xml:lang="en-US" id="id_8104553_2031787_1_1"> Increase (Decrease) in Financial Instruments Used in Operating Activities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_IncreaseDecreaseInFinancialInstrumentsUsedInOperatingActivities_lbl" xml:lang="en-US" id="id_8104553_2031787_14_1"> Financial instruments owned, at fair value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInFinancialInstrumentsUsedInOperatingActivities" xlink:to="us-gaap_IncreaseDecreaseInFinancialInstrumentsUsedInOperatingActivities_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" xlink:label="us-gaap_IncreaseDecreaseInOperatingCapitalAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_lbl" xml:lang="en-US" id="id_8104553_2032424_1_1"> Increase (Decrease) in Operating Capital [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_lbl" xml:lang="en-US" id="id_8104553_2032424_2_1"> Changes in operating assets and liabilities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" xlink:to="us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet" xlink:label="us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet_lbl" xml:lang="en-US" id="id_8104553_2040905_1_1"> Increase (Decrease) in Other Operating Assets and Liabilities, Net </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet_lbl" xml:lang="en-US" id="id_8104553_2040905_14_1"> Other, net </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet" xlink:to="us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_IncreaseDecreaseInReceivablesAndPayablesNetExcludingLoansReceivableNet" xlink:label="gs_IncreaseDecreaseInReceivablesAndPayablesNetExcludingLoansReceivableNet"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_IncreaseDecreaseInReceivablesAndPayablesNetExcludingLoansReceivableNet_lbl" xml:lang="en-US" id="id_8104553_2314501_3_1"> Change in receivables and payables (excluding loans receivable), net. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_IncreaseDecreaseInReceivablesAndPayablesNetExcludingLoansReceivableNet_lbl" xml:lang="en-US" id="id_8104553_2314501_1_1"> Increase Decrease In Receivables And Payables Net Excluding Loans Receivable Net </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="gs_IncreaseDecreaseInReceivablesAndPayablesNetExcludingLoansReceivableNet_lbl" xml:lang="en-US" id="id_8104553_2314501_14_1"> Receivables and payables (excluding loans receivable), net </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_IncreaseDecreaseInReceivablesAndPayablesNetExcludingLoansReceivableNet" xlink:to="gs_IncreaseDecreaseInReceivablesAndPayablesNetExcludingLoansReceivableNet_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_IncreaseInPerpetualNonCumulativePreferredStock" xlink:label="gs_IncreaseInPerpetualNonCumulativePreferredStock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_IncreaseInPerpetualNonCumulativePreferredStock_lbl" xml:lang="en-US" id="id_8104553_2100263_3_1"> Increase in perpetual non-cumulative preferred stock. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_IncreaseInPerpetualNonCumulativePreferredStock_lbl" xml:lang="en-US" id="id_8104553_2100263_1_1"> Increase In Perpetual Non Cumulative Preferred Stock </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_IncreaseInPerpetualNonCumulativePreferredStock_lbl" xml:lang="en-US" id="id_8104553_2100263_2_1"> Change in preferred stock </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_IncreaseInPerpetualNonCumulativePreferredStock" xlink:to="gs_IncreaseInPerpetualNonCumulativePreferredStock_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_IncrementalRiskMember" xlink:label="gs_IncrementalRiskMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_IncrementalRiskMember_lbl" xml:lang="en-US" id="id_8104553_2051011_3_1"> Incremental risk. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_IncrementalRiskMember_lbl" xml:lang="en-US" id="id_8104553_2051011_1_1"> Incremental Risk [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_IncrementalRiskMember_lbl" xml:lang="en-US" id="id_8104553_2051011_2_1"> Incremental Risk [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_IncrementalRiskMember" xlink:to="gs_IncrementalRiskMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_InstitutionalClientServicesCommissionsAndFeesMember" xlink:label="gs_InstitutionalClientServicesCommissionsAndFeesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_InstitutionalClientServicesCommissionsAndFeesMember_lbl" xml:lang="en-US" id="id_8104553_2204906_3_1"> Institutional client services commissions and fees. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_InstitutionalClientServicesCommissionsAndFeesMember_lbl" xml:lang="en-US" id="id_8104553_2204906_1_1"> Institutional Client Services Commissions And Fees [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_InstitutionalClientServicesCommissionsAndFeesMember_lbl" xml:lang="en-US" id="id_8104553_2204906_2_1"> Institutional Client Services - Commissions and Fees [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_InstitutionalClientServicesCommissionsAndFeesMember" xlink:to="gs_InstitutionalClientServicesCommissionsAndFeesMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_InstitutionalClientServicesEquitiesClientExecutionMember" xlink:label="gs_InstitutionalClientServicesEquitiesClientExecutionMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_InstitutionalClientServicesEquitiesClientExecutionMember_lbl" xml:lang="en-US" id="id_8104553_2110678_3_1"> Institutional client services - equities client execution. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_InstitutionalClientServicesEquitiesClientExecutionMember_lbl" xml:lang="en-US" id="id_8104553_2110678_1_1"> Institutional Client Services Equities Client Execution [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_InstitutionalClientServicesEquitiesClientExecutionMember_lbl" xml:lang="en-US" id="id_8104553_2110678_2_1"> Institutional Client Services - Equities Client Execution [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_InstitutionalClientServicesEquitiesClientExecutionMember" xlink:to="gs_InstitutionalClientServicesEquitiesClientExecutionMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_InstitutionalClientServicesEquitiesMember" xlink:label="gs_InstitutionalClientServicesEquitiesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_InstitutionalClientServicesEquitiesMember_lbl" xml:lang="en-US" id="id_8104553_2326271_3_1"> institutional client services equities. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_InstitutionalClientServicesEquitiesMember_lbl" xml:lang="en-US" id="id_8104553_2326271_1_1"> Institutional Client Services Equities [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_InstitutionalClientServicesEquitiesMember_lbl" xml:lang="en-US" id="id_8104553_2326271_2_1"> Institutional Client Services - Equities [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_InstitutionalClientServicesEquitiesMember" xlink:to="gs_InstitutionalClientServicesEquitiesMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_InstitutionalClientServicesFixedIncomeCurrencyAndCommoditiesClientExecutionMember" xlink:label="gs_InstitutionalClientServicesFixedIncomeCurrencyAndCommoditiesClientExecutionMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_InstitutionalClientServicesFixedIncomeCurrencyAndCommoditiesClientExecutionMember_lbl" xml:lang="en-US" id="id_8104553_2335884_3_1"> Institutional client services - fixed income, currency and commodities client execution. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_InstitutionalClientServicesFixedIncomeCurrencyAndCommoditiesClientExecutionMember_lbl" xml:lang="en-US" id="id_8104553_2335884_1_1"> Institutional Client Services Fixed Income Currency And Commodities Client Execution [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_InstitutionalClientServicesFixedIncomeCurrencyAndCommoditiesClientExecutionMember_lbl" xml:lang="en-US" id="id_8104553_2335884_2_1"> Institutional Client Services - Fixed Income, Currency and Commodities Client Execution [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_InstitutionalClientServicesFixedIncomeCurrencyAndCommoditiesClientExecutionMember" xlink:to="gs_InstitutionalClientServicesFixedIncomeCurrencyAndCommoditiesClientExecutionMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_InstitutionalClientServicesMember" xlink:label="gs_InstitutionalClientServicesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_InstitutionalClientServicesMember_lbl" xml:lang="en-US" id="id_8104553_2148265_3_1"> Institutional client services. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_InstitutionalClientServicesMember_lbl" xml:lang="en-US" id="id_8104553_2148265_1_1"> Institutional Client Services [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_InstitutionalClientServicesMember_lbl" xml:lang="en-US" id="id_8104553_2148265_2_1"> Institutional Client Services [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_InstitutionalClientServicesMember" xlink:to="gs_InstitutionalClientServicesMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_InstitutionalClientServicesSecuritiesServicesMember" xlink:label="gs_InstitutionalClientServicesSecuritiesServicesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_InstitutionalClientServicesSecuritiesServicesMember_lbl" xml:lang="en-US" id="id_8104553_2109731_3_1"> Institutional client services - securities services. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_InstitutionalClientServicesSecuritiesServicesMember_lbl" xml:lang="en-US" id="id_8104553_2109731_1_1"> Institutional Client Services Securities Services [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_InstitutionalClientServicesSecuritiesServicesMember_lbl" xml:lang="en-US" id="id_8104553_2109731_2_1"> Institutional Client Services - Securities Services [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_InstitutionalClientServicesSecuritiesServicesMember" xlink:to="gs_InstitutionalClientServicesSecuritiesServicesMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_InstitutionalMember" xlink:label="gs_InstitutionalMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_InstitutionalMember_lbl" xml:lang="en-US" id="id_8104553_2192429_3_1"> Institutional [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_InstitutionalMember_lbl" xml:lang="en-US" id="id_8104553_2192429_1_1"> Institutional [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_InstitutionalMember_lbl" xml:lang="en-US" id="id_8104553_2192429_2_1"> Institutional [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_InstitutionalMember" xlink:to="gs_InstitutionalMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IntangibleAssetsNetIncludingGoodwill" xlink:label="us-gaap_IntangibleAssetsNetIncludingGoodwill"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IntangibleAssetsNetIncludingGoodwill_lbl" xml:lang="en-US" id="id_8104553_2029455_1_1"> Intangible Assets, Net (Including Goodwill) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_IntangibleAssetsNetIncludingGoodwill_lbl" xml:lang="en-US" id="id_8104553_2029455_2_1"> Goodwill and identifiable intangible assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IntangibleAssetsNetIncludingGoodwill" xlink:to="us-gaap_IntangibleAssetsNetIncludingGoodwill_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InterestAndDividendIncomeOperating" xlink:label="us-gaap_InterestAndDividendIncomeOperating"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InterestAndDividendIncomeOperating_lbl" xml:lang="en-US" id="id_8104553_2034115_1_1"> Interest and Dividend Income, Operating </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_InterestAndDividendIncomeOperating_lbl" xml:lang="en-US" id="id_8104553_2034115_2_1"> Interest income </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_InterestAndDividendIncomeOperating_lbl" xml:lang="en-US" id="id_8104553_2034115_6_1"> Total interest income </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestAndDividendIncomeOperating" xlink:to="us-gaap_InterestAndDividendIncomeOperating_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InterestAndDividendIncomeOperatingAbstract" xlink:label="us-gaap_InterestAndDividendIncomeOperatingAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InterestAndDividendIncomeOperatingAbstract_lbl" xml:lang="en-US" id="id_8104553_2034887_1_1"> Interest and Dividend Income, Operating [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_InterestAndDividendIncomeOperatingAbstract_lbl" xml:lang="en-US" id="id_8104553_2034887_2_1"> Interest income </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestAndDividendIncomeOperatingAbstract" xlink:to="us-gaap_InterestAndDividendIncomeOperatingAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InterestAndDividendIncomeSecurities" xlink:label="us-gaap_InterestAndDividendIncomeSecurities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InterestAndDividendIncomeSecurities_lbl" xml:lang="en-US" id="id_8104553_2034298_1_1"> Interest and Dividend Income, Securities, Operating </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_InterestAndDividendIncomeSecurities_lbl" xml:lang="en-US" id="id_8104553_2034298_2_1"> Financial instruments owned, at fair value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestAndDividendIncomeSecurities" xlink:to="us-gaap_InterestAndDividendIncomeSecurities_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InterestBearingDepositsInBanks" xlink:label="us-gaap_InterestBearingDepositsInBanks"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InterestBearingDepositsInBanks_lbl" xml:lang="en-US" id="id_8104553_2028795_1_1"> Interest-bearing Deposits in Banks and Other Financial Institutions </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_InterestBearingDepositsInBanks_lbl" xml:lang="en-US" id="id_8104553_2028795_2_1"> Interest-bearing deposits with banks </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestBearingDepositsInBanks" xlink:to="us-gaap_InterestBearingDepositsInBanks_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InterestExpense" xlink:label="us-gaap_InterestExpense"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InterestExpense_lbl" xml:lang="en-US" id="id_8104553_2030293_1_1"> Interest Expense </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_InterestExpense_lbl" xml:lang="en-US" id="id_8104553_2030293_2_1"> Interest expense </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_InterestExpense_lbl" xml:lang="en-US" id="id_8104553_2030293_6_1"> Total interest expense </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestExpense" xlink:to="us-gaap_InterestExpense_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InterestExpenseAbstract" xlink:label="us-gaap_InterestExpenseAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InterestExpenseAbstract_lbl" xml:lang="en-US" id="id_8104553_2028976_1_1"> Interest Expense [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_InterestExpenseAbstract_lbl" xml:lang="en-US" id="id_8104553_2028976_2_1"> Interest expense </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestExpenseAbstract" xlink:to="us-gaap_InterestExpenseAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InterestExpenseDeposits" xlink:label="us-gaap_InterestExpenseDeposits"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InterestExpenseDeposits_lbl" xml:lang="en-US" id="id_8104553_2033535_1_1"> Interest Expense, Deposits </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_InterestExpenseDeposits_lbl" xml:lang="en-US" id="id_8104553_2033535_2_1"> Deposits </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestExpenseDeposits" xlink:to="us-gaap_InterestExpenseDeposits_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InterestExpenseLongTermDebt" xlink:label="us-gaap_InterestExpenseLongTermDebt"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InterestExpenseLongTermDebt_lbl" xml:lang="en-US" id="id_8104553_2033119_1_1"> Interest Expense, Long-term Debt </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_InterestExpenseLongTermDebt_lbl" xml:lang="en-US" id="id_8104553_2033119_2_1"> Long-term secured and unsecured borrowings </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestExpenseLongTermDebt" xlink:to="us-gaap_InterestExpenseLongTermDebt_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InterestExpenseMember" xlink:label="us-gaap_InterestExpenseMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InterestExpenseMember_lbl" xml:lang="en-US" id="id_8104553_2034667_1_1"> Interest Expense [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_InterestExpenseMember_lbl" xml:lang="en-US" id="id_8104553_2034667_2_1"> Interest Expense [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestExpenseMember" xlink:to="us-gaap_InterestExpenseMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase" xlink:label="us-gaap_InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase_lbl" xml:lang="en-US" id="id_8104553_2034119_1_1"> Interest Expense, Securities Sold under Agreements to Repurchase </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase_lbl" xml:lang="en-US" id="id_8104553_2034119_2_1"> Securities loaned and securities sold under agreements to repurchase </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase" xlink:to="us-gaap_InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InterestExpenseShortTermBorrowingsExcludingFederalFundsAndSecuritiesSoldUnderAgreementsToRepurchase" xlink:label="us-gaap_InterestExpenseShortTermBorrowingsExcludingFederalFundsAndSecuritiesSoldUnderAgreementsToRepurchase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InterestExpenseShortTermBorrowingsExcludingFederalFundsAndSecuritiesSoldUnderAgreementsToRepurchase_lbl" xml:lang="en-US" id="id_8104553_2040918_1_1"> Interest Expense, Short-term Borrowings Excluding Federal Funds and Securities Sold under Agreements to Repurchase </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_InterestExpenseShortTermBorrowingsExcludingFederalFundsAndSecuritiesSoldUnderAgreementsToRepurchase_lbl" xml:lang="en-US" id="id_8104553_2040918_2_1"> Short-term secured and unsecured borrowings </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestExpenseShortTermBorrowingsExcludingFederalFundsAndSecuritiesSoldUnderAgreementsToRepurchase" xlink:to="us-gaap_InterestExpenseShortTermBorrowingsExcludingFederalFundsAndSecuritiesSoldUnderAgreementsToRepurchase_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InterestExpenseTradingLiabilities" xlink:label="us-gaap_InterestExpenseTradingLiabilities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InterestExpenseTradingLiabilities_lbl" xml:lang="en-US" id="id_8104553_2032879_1_1"> Interest Expense, Trading Liabilities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_InterestExpenseTradingLiabilities_lbl" xml:lang="en-US" id="id_8104553_2032879_2_1"> Financial instruments sold, but not yet purchased, at fair value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestExpenseTradingLiabilities" xlink:to="us-gaap_InterestExpenseTradingLiabilities_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InterestIncomeAndInterestExpenseDisclosureTextBlock" xlink:label="us-gaap_InterestIncomeAndInterestExpenseDisclosureTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InterestIncomeAndInterestExpenseDisclosureTextBlock_lbl" xml:lang="en-US" id="id_8104553_2029661_1_1"> Interest Income and Interest Expense Disclosure [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_InterestIncomeAndInterestExpenseDisclosureTextBlock_lbl" xml:lang="en-US" id="id_8104553_2029661_2_1"> Interest Income and Interest Expense </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestIncomeAndInterestExpenseDisclosureTextBlock" xlink:to="us-gaap_InterestIncomeAndInterestExpenseDisclosureTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_InterestIncomeAndInterestExpenseTableTextBlock" xlink:label="gs_InterestIncomeAndInterestExpenseTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_InterestIncomeAndInterestExpenseTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2072834_3_1"> Interest income and interest expense. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_InterestIncomeAndInterestExpenseTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2072834_1_1"> Interest Income And Interest Expense Table [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_InterestIncomeAndInterestExpenseTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2072834_2_1"> Interest Income and Interest Expense </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_InterestIncomeAndInterestExpenseTableTextBlock" xlink:to="gs_InterestIncomeAndInterestExpenseTableTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InterestIncomeDepositsWithFinancialInstitutions" xlink:label="us-gaap_InterestIncomeDepositsWithFinancialInstitutions"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InterestIncomeDepositsWithFinancialInstitutions_lbl" xml:lang="en-US" id="id_8104553_2031429_1_1"> Interest Income, Deposits with Financial Institutions </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_InterestIncomeDepositsWithFinancialInstitutions_lbl" xml:lang="en-US" id="id_8104553_2031429_2_1"> Deposits with banks </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestIncomeDepositsWithFinancialInstitutions" xlink:to="us-gaap_InterestIncomeDepositsWithFinancialInstitutions_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InterestIncomeExpenseNet" xlink:label="us-gaap_InterestIncomeExpenseNet"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InterestIncomeExpenseNet_lbl" xml:lang="en-US" id="id_8104553_2032681_1_1"> Interest Income (Expense), Net </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_InterestIncomeExpenseNet_lbl" xml:lang="en-US" id="id_8104553_2032681_2_1"> Net interest income </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_InterestIncomeExpenseNet_lbl" xml:lang="en-US" id="id_8104553_2032681_6_1"> Net interest income </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_InterestIncomeExpenseNet_lbl" xml:lang="en-US" id="id_8104553_2032681_12_1"> Total net interest income </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestIncomeExpenseNet" xlink:to="us-gaap_InterestIncomeExpenseNet_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_InterestIncomeLoansReceivable" xlink:label="gs_InterestIncomeLoansReceivable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_InterestIncomeLoansReceivable_lbl" xml:lang="en-US" id="id_8104553_2311491_3_1"> Interest income derived from the firm's loans receivable. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_InterestIncomeLoansReceivable_lbl" xml:lang="en-US" id="id_8104553_2311491_1_1"> Interest Income Loans Receivable </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_InterestIncomeLoansReceivable_lbl" xml:lang="en-US" id="id_8104553_2311491_2_1"> Loans receivable </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_InterestIncomeLoansReceivable" xlink:to="gs_InterestIncomeLoansReceivable_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_InterestIncomeSecuritiesBorrowedSecuritiesPurchasedUnderAgreementsToResellAndFederalFundsSold" xlink:label="gs_InterestIncomeSecuritiesBorrowedSecuritiesPurchasedUnderAgreementsToResellAndFederalFundsSold"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_InterestIncomeSecuritiesBorrowedSecuritiesPurchasedUnderAgreementsToResellAndFederalFundsSold_lbl" xml:lang="en-US" id="id_8104553_2306950_3_1"> The aggregate interest income earned from securities borrowed, securities purchased under agreements to resell and federal funds sold. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_InterestIncomeSecuritiesBorrowedSecuritiesPurchasedUnderAgreementsToResellAndFederalFundsSold_lbl" xml:lang="en-US" id="id_8104553_2306950_1_1"> Interest Income Securities Borrowed Securities Purchased Under Agreements To Resell And Federal Funds Sold </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_InterestIncomeSecuritiesBorrowedSecuritiesPurchasedUnderAgreementsToResellAndFederalFundsSold_lbl" xml:lang="en-US" id="id_8104553_2306950_2_1"> Securities borrowed, securities purchased under agreements to resell and federal funds sold </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_InterestIncomeSecuritiesBorrowedSecuritiesPurchasedUnderAgreementsToResellAndFederalFundsSold" xlink:to="gs_InterestIncomeSecuritiesBorrowedSecuritiesPurchasedUnderAgreementsToResellAndFederalFundsSold_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InterestPaidNet" xlink:label="us-gaap_InterestPaidNet"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InterestPaidNet_lbl" xml:lang="en-US" id="id_8104553_2040921_1_1"> Interest Paid, Net </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_InterestPaidNet_lbl" xml:lang="en-US" id="id_8104553_2040921_2_1"> Cash payments for interest, net of capitalized interest </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestPaidNet" xlink:to="us-gaap_InterestPaidNet_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InterestRateContractMember" xlink:label="us-gaap_InterestRateContractMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InterestRateContractMember_lbl" xml:lang="en-US" id="id_8104553_2030944_1_1"> Interest Rate Contract [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_InterestRateContractMember_lbl" xml:lang="en-US" id="id_8104553_2030944_2_1"> Interest Rate Contract [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestRateContractMember" xlink:to="us-gaap_InterestRateContractMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_InterestRateJuniorSubordinatedDebenturesHeldByCertainThirdParties" xlink:label="gs_InterestRateJuniorSubordinatedDebenturesHeldByCertainThirdParties"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_InterestRateJuniorSubordinatedDebenturesHeldByCertainThirdParties_lbl" xml:lang="en-US" id="id_8104553_2310577_3_1"> Fixed interest rate, for junior subordinated debentures held for certain third parties. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_InterestRateJuniorSubordinatedDebenturesHeldByCertainThirdParties_lbl" xml:lang="en-US" id="id_8104553_2310577_1_1"> Interest Rate Junior Subordinated Debentures Held By Certain Third Parties </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_InterestRateJuniorSubordinatedDebenturesHeldByCertainThirdParties_lbl" xml:lang="en-US" id="id_8104553_2310577_2_1"> Interest Rate of Junior Subordinated Debentures held by certain third parties </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_InterestRateJuniorSubordinatedDebenturesHeldByCertainThirdParties" xlink:to="gs_InterestRateJuniorSubordinatedDebenturesHeldByCertainThirdParties_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_InterestRateJuniorSubordinatedDebenturesIssuedToTrustFixed" xlink:label="gs_InterestRateJuniorSubordinatedDebenturesIssuedToTrustFixed"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_InterestRateJuniorSubordinatedDebenturesIssuedToTrustFixed_lbl" xml:lang="en-US" id="id_8104553_2202358_3_1"> Fixed interest rate, for junior subordinated debentures issued to Goldman Sachs Capital I (Trust). </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_InterestRateJuniorSubordinatedDebenturesIssuedToTrustFixed_lbl" xml:lang="en-US" id="id_8104553_2202358_1_1"> Interest Rate Junior Subordinated Debentures Issued To Trust Fixed </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_InterestRateJuniorSubordinatedDebenturesIssuedToTrustFixed_lbl" xml:lang="en-US" id="id_8104553_2202358_2_1"> Interest Rate of Junior Subordinated Debentures issued to Trust, Fixed </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_InterestRateJuniorSubordinatedDebenturesIssuedToTrustFixed" xlink:to="gs_InterestRateJuniorSubordinatedDebenturesIssuedToTrustFixed_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_InterestRateJuniorSubordinatedDebtHeldByTrust2Fixed" xlink:label="gs_InterestRateJuniorSubordinatedDebtHeldByTrust2Fixed"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_InterestRateJuniorSubordinatedDebtHeldByTrust2Fixed_lbl" xml:lang="en-US" id="id_8104553_2173984_3_1"> Fixed annual interest rate of junior subordinated debt held by Vesey Street Trust. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_InterestRateJuniorSubordinatedDebtHeldByTrust2Fixed_lbl" xml:lang="en-US" id="id_8104553_2173984_1_1"> Interest Rate Junior Subordinated Debt Held By Trust 2 Fixed </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_InterestRateJuniorSubordinatedDebtHeldByTrust2Fixed_lbl" xml:lang="en-US" id="id_8104553_2173984_2_1"> Interest Rate of Junior Subordinated Debt held by Vesey Street Trust, Fixed </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_InterestRateJuniorSubordinatedDebtHeldByTrust2Fixed" xlink:to="gs_InterestRateJuniorSubordinatedDebtHeldByTrust2Fixed_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_InterestRateJuniorSubordinatedDebtHeldByTrustFixed" xlink:label="gs_InterestRateJuniorSubordinatedDebtHeldByTrustFixed"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_InterestRateJuniorSubordinatedDebtHeldByTrustFixed_lbl" xml:lang="en-US" id="id_8104553_2291024_3_1"> Fixed annual interest rate of junior subordinated debt held by Murray Street Trust. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_InterestRateJuniorSubordinatedDebtHeldByTrustFixed_lbl" xml:lang="en-US" id="id_8104553_2291024_1_1"> Interest Rate Junior Subordinated Debt Held By Trust Fixed </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_InterestRateJuniorSubordinatedDebtHeldByTrustFixed_lbl" xml:lang="en-US" id="id_8104553_2291024_2_1"> Interest Rate of Junior Subordinated Debt held by Murray Street Trust, Fixed </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_InterestRateJuniorSubordinatedDebtHeldByTrustFixed" xlink:to="gs_InterestRateJuniorSubordinatedDebtHeldByTrustFixed_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_InterestRatesMember" xlink:label="gs_InterestRatesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_InterestRatesMember_lbl" xml:lang="en-US" id="id_8104553_2066385_3_1"> Trading in derivative or nonderivative instruments whose primary underlying risk is tied to the right to receive or pay a sum of money at a given interest rate. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_InterestRatesMember_lbl" xml:lang="en-US" id="id_8104553_2066385_1_1"> Interest Rates [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_InterestRatesMember_lbl" xml:lang="en-US" id="id_8104553_2066385_2_1"> Interest Rates [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_InterestRatesMember" xlink:to="gs_InterestRatesMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InternalCreditAssessmentAxis" xlink:label="us-gaap_InternalCreditAssessmentAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InternalCreditAssessmentAxis_lbl" xml:lang="en-US" id="id_8104553_2031431_1_1"> Internal Credit Assessment [Axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_InternalCreditAssessmentAxis_lbl" xml:lang="en-US" id="id_8104553_2031431_2_1"> Internal Credit Assessment [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InternalCreditAssessmentAxis" xlink:to="us-gaap_InternalCreditAssessmentAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InternalCreditAssessmentDomain" xlink:label="us-gaap_InternalCreditAssessmentDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InternalCreditAssessmentDomain_lbl" xml:lang="en-US" id="id_8104553_2034900_1_1"> Internal Credit Assessment [Domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_InternalCreditAssessmentDomain_lbl" xml:lang="en-US" id="id_8104553_2034900_2_1"> Internal Credit Assessment [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InternalCreditAssessmentDomain" xlink:to="us-gaap_InternalCreditAssessmentDomain_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InternalInvestmentGradeMember" xlink:label="us-gaap_InternalInvestmentGradeMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InternalInvestmentGradeMember_lbl" xml:lang="en-US" id="id_8104553_2031818_1_1"> Internal Investment Grade [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_InternalInvestmentGradeMember_lbl" xml:lang="en-US" id="id_8104553_2031818_2_1"> Investment-Grade [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InternalInvestmentGradeMember" xlink:to="us-gaap_InternalInvestmentGradeMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InternalNoninvestmentGradeMember" xlink:label="us-gaap_InternalNoninvestmentGradeMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InternalNoninvestmentGradeMember_lbl" xml:lang="en-US" id="id_8104553_2031159_1_1"> Internal Noninvestment Grade [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_InternalNoninvestmentGradeMember_lbl" xml:lang="en-US" id="id_8104553_2031159_2_1"> Non-Investment-Grade [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InternalNoninvestmentGradeMember" xlink:to="us-gaap_InternalNoninvestmentGradeMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_InvestingAndLendingDebtSecuritiesAndLoansMember" xlink:label="gs_InvestingAndLendingDebtSecuritiesAndLoansMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_InvestingAndLendingDebtSecuritiesAndLoansMember_lbl" xml:lang="en-US" id="id_8104553_2103027_3_1"> Investing and lending debt securities and loans. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_InvestingAndLendingDebtSecuritiesAndLoansMember_lbl" xml:lang="en-US" id="id_8104553_2103027_1_1"> Investing And Lending Debt Securities And Loans [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_InvestingAndLendingDebtSecuritiesAndLoansMember_lbl" xml:lang="en-US" id="id_8104553_2103027_2_1"> Investing and Lending - Debt Securities and Loans [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_InvestingAndLendingDebtSecuritiesAndLoansMember" xlink:to="gs_InvestingAndLendingDebtSecuritiesAndLoansMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_InvestingAndLendingEquitySecuritiesMember" xlink:label="gs_InvestingAndLendingEquitySecuritiesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_InvestingAndLendingEquitySecuritiesMember_lbl" xml:lang="en-US" id="id_8104553_2094533_3_1"> Investing and lending equity securities. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_InvestingAndLendingEquitySecuritiesMember_lbl" xml:lang="en-US" id="id_8104553_2094533_1_1"> Investing And Lending Equity Securities [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_InvestingAndLendingEquitySecuritiesMember_lbl" xml:lang="en-US" id="id_8104553_2094533_2_1"> Investing and Lending - Equity Securities [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_InvestingAndLendingEquitySecuritiesMember" xlink:to="gs_InvestingAndLendingEquitySecuritiesMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_InvestingAndLendingMember" xlink:label="gs_InvestingAndLendingMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_InvestingAndLendingMember_lbl" xml:lang="en-US" id="id_8104553_2089701_3_1"> Investing and lending. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_InvestingAndLendingMember_lbl" xml:lang="en-US" id="id_8104553_2089701_1_1"> Investing And Lending [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_InvestingAndLendingMember_lbl" xml:lang="en-US" id="id_8104553_2089701_2_1"> Investing and Lending [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_InvestingAndLendingMember" xlink:to="gs_InvestingAndLendingMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_InvestmentBankingDebtUnderwritingMember" xlink:label="gs_InvestmentBankingDebtUnderwritingMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_InvestmentBankingDebtUnderwritingMember_lbl" xml:lang="en-US" id="id_8104553_2257788_3_1"> Investment banking debt underwriting. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_InvestmentBankingDebtUnderwritingMember_lbl" xml:lang="en-US" id="id_8104553_2257788_1_1"> Investment Banking Debt Underwriting [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_InvestmentBankingDebtUnderwritingMember_lbl" xml:lang="en-US" id="id_8104553_2257788_2_1"> Investment Banking - Debt Underwriting [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_InvestmentBankingDebtUnderwritingMember" xlink:to="gs_InvestmentBankingDebtUnderwritingMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_InvestmentBankingEquityUnderwritingMember" xlink:label="gs_InvestmentBankingEquityUnderwritingMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_InvestmentBankingEquityUnderwritingMember_lbl" xml:lang="en-US" id="id_8104553_2249247_3_1"> investment banking equity underwriting. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_InvestmentBankingEquityUnderwritingMember_lbl" xml:lang="en-US" id="id_8104553_2249247_1_1"> Investment Banking Equity Underwriting [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_InvestmentBankingEquityUnderwritingMember_lbl" xml:lang="en-US" id="id_8104553_2249247_2_1"> Investment Banking - Equity Underwriting [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_InvestmentBankingEquityUnderwritingMember" xlink:to="gs_InvestmentBankingEquityUnderwritingMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_InvestmentBankingFinancialAdvisoryMember" xlink:label="gs_InvestmentBankingFinancialAdvisoryMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_InvestmentBankingFinancialAdvisoryMember_lbl" xml:lang="en-US" id="id_8104553_2132321_3_1"> Investment banking - financial advisory. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_InvestmentBankingFinancialAdvisoryMember_lbl" xml:lang="en-US" id="id_8104553_2132321_1_1"> Investment Banking Financial Advisory [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_InvestmentBankingFinancialAdvisoryMember_lbl" xml:lang="en-US" id="id_8104553_2132321_2_1"> Investment Banking - Financial Advisory [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_InvestmentBankingFinancialAdvisoryMember" xlink:to="gs_InvestmentBankingFinancialAdvisoryMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_InvestmentBankingMember" xlink:label="gs_InvestmentBankingMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_InvestmentBankingMember_lbl" xml:lang="en-US" id="id_8104553_2374404_3_1"> Investment banking. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_InvestmentBankingMember_lbl" xml:lang="en-US" id="id_8104553_2374404_1_1"> Investment Banking [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_InvestmentBankingMember_lbl" xml:lang="en-US" id="id_8104553_2374404_2_1"> Investment Banking [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_InvestmentBankingMember" xlink:to="gs_InvestmentBankingMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InvestmentBankingRevenue" xlink:label="us-gaap_InvestmentBankingRevenue"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InvestmentBankingRevenue_lbl" xml:lang="en-US" id="id_8104553_2033306_1_1"> Investment Banking Revenue </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_InvestmentBankingRevenue_lbl" xml:lang="en-US" id="id_8104553_2033306_2_1"> Investment banking </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentBankingRevenue" xlink:to="us-gaap_InvestmentBankingRevenue_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_InvestmentBankingUnderwritingMember" xlink:label="gs_InvestmentBankingUnderwritingMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_InvestmentBankingUnderwritingMember_lbl" xml:lang="en-US" id="id_8104553_2239110_3_1"> Investment banking - underwriting. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_InvestmentBankingUnderwritingMember_lbl" xml:lang="en-US" id="id_8104553_2239110_1_1"> Investment Banking Underwriting [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_InvestmentBankingUnderwritingMember_lbl" xml:lang="en-US" id="id_8104553_2239110_2_1"> Investment Banking - Underwriting [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_InvestmentBankingUnderwritingMember" xlink:to="gs_InvestmentBankingUnderwritingMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_InvestmentCommitments" xlink:label="gs_InvestmentCommitments"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_InvestmentCommitments_lbl" xml:lang="en-US" id="id_8104553_2125431_3_1"> Amount of commitments to invest in private equity, real estate and other assets directly and through funds that the firm raises and manages in connection with its merchant banking and other investing activities. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_InvestmentCommitments_lbl" xml:lang="en-US" id="id_8104553_2125431_1_1"> Investment Commitments </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_InvestmentCommitments_lbl" xml:lang="en-US" id="id_8104553_2125431_2_1"> Investment commitments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_InvestmentCommitments" xlink:to="gs_InvestmentCommitments_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_InvestmentGradeCommercialLendingMember" xlink:label="gs_InvestmentGradeCommercialLendingMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_InvestmentGradeCommercialLendingMember_lbl" xml:lang="en-US" id="id_8104553_2060562_3_1"> Investment Grade Commercial Lending [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_InvestmentGradeCommercialLendingMember_lbl" xml:lang="en-US" id="id_8104553_2060562_1_1"> Investment Grade Commercial Lending [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_InvestmentGradeCommercialLendingMember_lbl" xml:lang="en-US" id="id_8104553_2060562_2_1"> Investment Grade Commercial Lending [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_InvestmentGradeCommercialLendingMember" xlink:to="gs_InvestmentGradeCommercialLendingMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_InvestmentManagement" xlink:label="gs_InvestmentManagement"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_InvestmentManagement_lbl" xml:lang="en-US" id="id_8104553_2206727_3_1"> Revenues earned from management fees and incentive fees for investment management services and transaction revenues related to the firm's private wealth management. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_InvestmentManagement_lbl" xml:lang="en-US" id="id_8104553_2206727_1_1"> Investment Management </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_InvestmentManagement_lbl" xml:lang="en-US" id="id_8104553_2206727_2_1"> Investment management </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_InvestmentManagement" xlink:to="gs_InvestmentManagement_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_InvestmentManagementIncentiveFeesMember" xlink:label="gs_InvestmentManagementIncentiveFeesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_InvestmentManagementIncentiveFeesMember_lbl" xml:lang="en-US" id="id_8104553_2233014_3_1"> Investment management incentive fees. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_InvestmentManagementIncentiveFeesMember_lbl" xml:lang="en-US" id="id_8104553_2233014_1_1"> Investment Management Incentive Fees [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_InvestmentManagementIncentiveFeesMember_lbl" xml:lang="en-US" id="id_8104553_2233014_2_1"> Investment Management - Incentive Fees [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_InvestmentManagementIncentiveFeesMember" xlink:to="gs_InvestmentManagementIncentiveFeesMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_InvestmentManagementManagementAndOtherFeesMember" xlink:label="gs_InvestmentManagementManagementAndOtherFeesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_InvestmentManagementManagementAndOtherFeesMember_lbl" xml:lang="en-US" id="id_8104553_2215639_3_1"> Investment management management and other fees. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_InvestmentManagementManagementAndOtherFeesMember_lbl" xml:lang="en-US" id="id_8104553_2215639_1_1"> Investment Management Management And Other Fees [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_InvestmentManagementManagementAndOtherFeesMember_lbl" xml:lang="en-US" id="id_8104553_2215639_2_1"> Investment Management - Management and Other Fees [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_InvestmentManagementManagementAndOtherFeesMember" xlink:to="gs_InvestmentManagementManagementAndOtherFeesMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_InvestmentManagementMember" xlink:label="gs_InvestmentManagementMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_InvestmentManagementMember_lbl" xml:lang="en-US" id="id_8104553_2230504_3_1"> Investment management. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_InvestmentManagementMember_lbl" xml:lang="en-US" id="id_8104553_2230504_1_1"> Investment Management [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_InvestmentManagementMember_lbl" xml:lang="en-US" id="id_8104553_2230504_2_1"> Investment Management [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_InvestmentManagementMember" xlink:to="gs_InvestmentManagementMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_InvestmentManagementTransactionRevenuesMember" xlink:label="gs_InvestmentManagementTransactionRevenuesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_InvestmentManagementTransactionRevenuesMember_lbl" xml:lang="en-US" id="id_8104553_2116793_3_1"> Investment management transaction revenues. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_InvestmentManagementTransactionRevenuesMember_lbl" xml:lang="en-US" id="id_8104553_2116793_1_1"> Investment Management Transaction Revenues [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_InvestmentManagementTransactionRevenuesMember_lbl" xml:lang="en-US" id="id_8104553_2116793_2_1"> Investment Management - Transaction Revenues [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_InvestmentManagementTransactionRevenuesMember" xlink:to="gs_InvestmentManagementTransactionRevenuesMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InvestmentsAllOtherInvestmentsAbstract" xlink:label="us-gaap_InvestmentsAllOtherInvestmentsAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InvestmentsAllOtherInvestmentsAbstract_lbl" xml:lang="en-US" id="id_8104553_2029875_1_1"> Investments, All Other Investments [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_InvestmentsAllOtherInvestmentsAbstract_lbl" xml:lang="en-US" id="id_8104553_2029875_2_1"> Investments, All Other Investments [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentsAllOtherInvestmentsAbstract" xlink:to="us-gaap_InvestmentsAllOtherInvestmentsAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InvestmentsFairValueDisclosure" xlink:label="us-gaap_InvestmentsFairValueDisclosure"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InvestmentsFairValueDisclosure_lbl" xml:lang="en-US" id="id_8104553_2033547_1_1"> Investments, Fair Value Disclosure </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_InvestmentsFairValueDisclosure_lbl" xml:lang="en-US" id="id_8104553_2033547_2_1"> Subtotal </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_InvestmentsFairValueDisclosure_lbl" xml:lang="en-US" id="id_8104553_2033547_6_1"> Total cash instrument assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentsFairValueDisclosure" xlink:to="us-gaap_InvestmentsFairValueDisclosure_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_InvestmentsInFundsMeasuredAtNavMember" xlink:label="gs_InvestmentsInFundsMeasuredAtNavMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_InvestmentsInFundsMeasuredAtNavMember_lbl" xml:lang="en-US" id="id_8104553_2168802_3_1"> Investments In Funds Measured At Nav [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_InvestmentsInFundsMeasuredAtNavMember_lbl" xml:lang="en-US" id="id_8104553_2168802_1_1"> Investments in Funds Measured at NAV [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_InvestmentsInFundsMeasuredAtNavMember_lbl" xml:lang="en-US" id="id_8104553_2168802_2_1"> Investments in funds at NAV [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_InvestmentsInFundsMeasuredAtNavMember" xlink:to="gs_InvestmentsInFundsMeasuredAtNavMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_InvestmentsInQualifiedAffordableHousingProjects" xlink:label="gs_InvestmentsInQualifiedAffordableHousingProjects"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_InvestmentsInQualifiedAffordableHousingProjects_lbl" xml:lang="en-US" id="id_8104553_2295206_3_1"> Investments in qualified affordable housing projects. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_InvestmentsInQualifiedAffordableHousingProjects_lbl" xml:lang="en-US" id="id_8104553_2295206_1_1"> Investments In Qualified Affordable Housing Projects </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_InvestmentsInQualifiedAffordableHousingProjects_lbl" xml:lang="en-US" id="id_8104553_2295206_2_1"> Investments in qualified affordable housing projects </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_InvestmentsInQualifiedAffordableHousingProjects" xlink:to="gs_InvestmentsInQualifiedAffordableHousingProjects_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InvestmentTypeAxis" xlink:label="us-gaap_InvestmentTypeAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InvestmentTypeAxis_lbl" xml:lang="en-US" id="id_8104553_2030091_1_1"> Investment Type [Axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_InvestmentTypeAxis_lbl" xml:lang="en-US" id="id_8104553_2030091_2_1"> Investment Type [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentTypeAxis" xlink:to="us-gaap_InvestmentTypeAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InvestmentTypeCategorizationMember" xlink:label="us-gaap_InvestmentTypeCategorizationMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InvestmentTypeCategorizationMember_lbl" xml:lang="en-US" id="id_8104553_2030520_1_1"> Investments [Domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_InvestmentTypeCategorizationMember_lbl" xml:lang="en-US" id="id_8104553_2030520_2_1"> Investments [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentTypeCategorizationMember" xlink:to="us-gaap_InvestmentTypeCategorizationMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_IssuanceAndAmortizationOfShareBasedAwards" xlink:label="gs_IssuanceAndAmortizationOfShareBasedAwards"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_IssuanceAndAmortizationOfShareBasedAwards_lbl" xml:lang="en-US" id="id_8104553_2093585_3_1"> Issuance and amortization of share based awards. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_IssuanceAndAmortizationOfShareBasedAwards_lbl" xml:lang="en-US" id="id_8104553_2093585_1_1"> Issuance And Amortization Of Share Based Awards </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_IssuanceAndAmortizationOfShareBasedAwards_lbl" xml:lang="en-US" id="id_8104553_2093585_2_1"> Issuance and amortization of share-based awards </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_IssuanceAndAmortizationOfShareBasedAwards" xlink:to="gs_IssuanceAndAmortizationOfShareBasedAwards_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_January2013CommonStockOfferingMember" xlink:label="gs_January2013CommonStockOfferingMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_January2013CommonStockOfferingMember_lbl" xml:lang="en-US" id="id_8104553_2064491_3_1"> January 2013 Common Stock Offering [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_January2013CommonStockOfferingMember_lbl" xml:lang="en-US" id="id_8104553_2064491_1_1"> January 2013 Common Stock Offering [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_January2013CommonStockOfferingMember_lbl" xml:lang="en-US" id="id_8104553_2064491_2_1"> January 2013 Common Stock Offering [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_January2013CommonStockOfferingMember" xlink:to="gs_January2013CommonStockOfferingMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/country/2016/country-2016-01-31.xsd#country_JP" xlink:label="country_JP"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_JP_lbl" xml:lang="en-US" id="id_8104553_2034685_1_1"> JAPAN </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="country_JP_lbl" xml:lang="en-US" id="id_8104553_2034685_2_1"> Japan [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_JP" xlink:to="country_JP_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_JuniorSubordinatedDebtIssuedToTrustsIncludedInTier1Capital" xlink:label="gs_JuniorSubordinatedDebtIssuedToTrustsIncludedInTier1Capital"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_JuniorSubordinatedDebtIssuedToTrustsIncludedInTier1Capital_lbl" xml:lang="en-US" id="id_8104553_2064614_3_1"> Junior subordinated debt issued to trusts included in Tier 1 capital. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_JuniorSubordinatedDebtIssuedToTrustsIncludedInTier1Capital_lbl" xml:lang="en-US" id="id_8104553_2064614_1_1"> Junior Subordinated Debt Issued To Trusts Included In Tier1 Capital </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_JuniorSubordinatedDebtIssuedToTrustsIncludedInTier1Capital_lbl" xml:lang="en-US" id="id_8104553_2064614_2_1"> Junior subordinated debt issued to trusts </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_JuniorSubordinatedDebtIssuedToTrustsIncludedInTier1Capital" xlink:to="gs_JuniorSubordinatedDebtIssuedToTrustsIncludedInTier1Capital_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_JuniorSubordinatedDebtIssuedToTrustsIncludedInTier2Capital" xlink:label="gs_JuniorSubordinatedDebtIssuedToTrustsIncludedInTier2Capital"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_JuniorSubordinatedDebtIssuedToTrustsIncludedInTier2Capital_lbl" xml:lang="en-US" id="id_8104553_2209518_3_1"> Junior subordinated debt issued to trusts included in Tier 2 capital. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_JuniorSubordinatedDebtIssuedToTrustsIncludedInTier2Capital_lbl" xml:lang="en-US" id="id_8104553_2209518_1_1"> Junior Subordinated Debt Issued To Trusts Included In Tier2 Capital </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_JuniorSubordinatedDebtIssuedToTrustsIncludedInTier2Capital_lbl" xml:lang="en-US" id="id_8104553_2209518_2_1"> Junior subordinated debt issued to trusts </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_JuniorSubordinatedDebtIssuedToTrustsIncludedInTier2Capital" xlink:to="gs_JuniorSubordinatedDebtIssuedToTrustsIncludedInTier2Capital_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_JuniorSubordinatedDebtMember" xlink:label="us-gaap_JuniorSubordinatedDebtMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_JuniorSubordinatedDebtMember_lbl" xml:lang="en-US" id="id_8104553_2032898_1_1"> Junior Subordinated Debt [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_JuniorSubordinatedDebtMember_lbl" xml:lang="en-US" id="id_8104553_2032898_2_1"> Junior Subordinated Debt [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_JuniorSubordinatedDebtMember" xlink:to="us-gaap_JuniorSubordinatedDebtMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_JuniorSubordinatedDebtOutstandingParAmount" xlink:label="gs_JuniorSubordinatedDebtOutstandingParAmount"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_JuniorSubordinatedDebtOutstandingParAmount_lbl" xml:lang="en-US" id="id_8104553_2342434_3_1"> The outstanding par amount of junior subordinated debt held by the Trust subsequent to extinguishments. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_JuniorSubordinatedDebtOutstandingParAmount_lbl" xml:lang="en-US" id="id_8104553_2342434_1_1"> Junior Subordinated Debt Outstanding Par Amount </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_JuniorSubordinatedDebtOutstandingParAmount_lbl" xml:lang="en-US" id="id_8104553_2342434_2_1"> Junior subordinated debt, outstanding par amount </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_JuniorSubordinatedDebtOutstandingParAmount" xlink:to="gs_JuniorSubordinatedDebtOutstandingParAmount_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_JuniorSubordinatedLongTermDebtHeldByTrust" xlink:label="gs_JuniorSubordinatedLongTermDebtHeldByTrust"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_JuniorSubordinatedLongTermDebtHeldByTrust_lbl" xml:lang="en-US" id="id_8104553_2102622_3_1"> Junior subordinated debt held by Murray Street. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_JuniorSubordinatedLongTermDebtHeldByTrust_lbl" xml:lang="en-US" id="id_8104553_2102622_1_1"> Junior Subordinated Long Term Debt Held By Trust </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_JuniorSubordinatedLongTermDebtHeldByTrust_lbl" xml:lang="en-US" id="id_8104553_2102622_2_1"> Junior subordinated debt held by Murray Street </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_JuniorSubordinatedLongTermDebtHeldByTrust" xlink:to="gs_JuniorSubordinatedLongTermDebtHeldByTrust_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_JuniorSubordinatedLongTermDebtHeldByTrust2" xlink:label="gs_JuniorSubordinatedLongTermDebtHeldByTrust2"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_JuniorSubordinatedLongTermDebtHeldByTrust2_lbl" xml:lang="en-US" id="id_8104553_2254183_3_1"> Junior subordinated debt held by Vesey Street. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_JuniorSubordinatedLongTermDebtHeldByTrust2_lbl" xml:lang="en-US" id="id_8104553_2254183_1_1"> Junior Subordinated Long Term Debt Held By Trust 2 </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_JuniorSubordinatedLongTermDebtHeldByTrust2_lbl" xml:lang="en-US" id="id_8104553_2254183_2_1"> Junior subordinated debt held by Vesey Street </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_JuniorSubordinatedLongTermDebtHeldByTrust2" xlink:to="gs_JuniorSubordinatedLongTermDebtHeldByTrust2_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_JuniorSubordinatedLongTermNotes" xlink:label="us-gaap_JuniorSubordinatedLongTermNotes"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_JuniorSubordinatedLongTermNotes_lbl" xml:lang="en-US" id="id_8104553_2029234_1_1"> Junior Subordinated Notes, Noncurrent </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_JuniorSubordinatedLongTermNotes_lbl" xml:lang="en-US" id="id_8104553_2029234_2_1"> Long-term junior subordinated debt </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_JuniorSubordinatedLongTermNotes" xlink:to="us-gaap_JuniorSubordinatedLongTermNotes_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_JuniorSubordinatedLongTermNotesIssuedToTrust" xlink:label="gs_JuniorSubordinatedLongTermNotesIssuedToTrust"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_JuniorSubordinatedLongTermNotesIssuedToTrust_lbl" xml:lang="en-US" id="id_8104553_2289138_3_1"> Amount of long-term junior subordinated debt issued to Goldman Sachs Capital I (Trust) (with maturities initially due after one year, which have a lower priority than senior instruments, excluding current portion. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_JuniorSubordinatedLongTermNotesIssuedToTrust_lbl" xml:lang="en-US" id="id_8104553_2289138_1_1"> Junior Subordinated Long Term Notes Issued To Trust </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_JuniorSubordinatedLongTermNotesIssuedToTrust_lbl" xml:lang="en-US" id="id_8104553_2289138_2_1"> Junior subordinated debentures issued to Goldman Sachs Capital I (Trust) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_JuniorSubordinatedLongTermNotesIssuedToTrust" xlink:to="gs_JuniorSubordinatedLongTermNotesIssuedToTrust_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LaborAndRelatedExpense" xlink:label="us-gaap_LaborAndRelatedExpense"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LaborAndRelatedExpense_lbl" xml:lang="en-US" id="id_8104553_2029478_1_1"> Labor and Related Expense </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LaborAndRelatedExpense_lbl" xml:lang="en-US" id="id_8104553_2029478_2_1"> Compensation and benefits </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LaborAndRelatedExpense" xlink:to="us-gaap_LaborAndRelatedExpense_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_LatestYearThroughWhichOperatingLeasesExtend" xlink:label="gs_LatestYearThroughWhichOperatingLeasesExtend"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_LatestYearThroughWhichOperatingLeasesExtend_lbl" xml:lang="en-US" id="id_8104553_2052118_3_1"> The latest year through which the firm's noncancelable lease arrangements for office space extend. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_LatestYearThroughWhichOperatingLeasesExtend_lbl" xml:lang="en-US" id="id_8104553_2052118_1_1"> Latest Year Through Which Operating Leases Extend </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_LatestYearThroughWhichOperatingLeasesExtend_lbl" xml:lang="en-US" id="id_8104553_2052118_2_1"> The latest year through which the firm's noncancelable lease agreements extend </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_LatestYearThroughWhichOperatingLeasesExtend" xlink:to="gs_LatestYearThroughWhichOperatingLeasesExtend_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LeaseAndRentalExpense" xlink:label="us-gaap_LeaseAndRentalExpense"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LeaseAndRentalExpense_lbl" xml:lang="en-US" id="id_8104553_2028813_1_1"> Operating Leases, Rent Expense </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LeaseAndRentalExpense_lbl" xml:lang="en-US" id="id_8104553_2028813_2_1"> Operating Leases, Rent Expense </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LeaseAndRentalExpense" xlink:to="us-gaap_LeaseAndRentalExpense_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="dei_LegalEntityAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_LegalEntityAxis_lbl" xml:lang="en-US" id="id_8104553_2033330_1_1"> Legal Entity [Axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_LegalEntityAxis_lbl" xml:lang="en-US" id="id_8104553_2033330_2_1"> Legal Entity [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_LegalEntityAxis" xlink:to="dei_LegalEntityAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LegalMattersAndContingenciesTextBlock" xlink:label="us-gaap_LegalMattersAndContingenciesTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LegalMattersAndContingenciesTextBlock_lbl" xml:lang="en-US" id="id_8104553_2034322_1_1"> Legal Matters and Contingencies [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LegalMattersAndContingenciesTextBlock_lbl" xml:lang="en-US" id="id_8104553_2034322_2_1"> Legal Proceedings </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LegalMattersAndContingenciesTextBlock" xlink:to="us-gaap_LegalMattersAndContingenciesTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_LegalProceedingsAbstract" xlink:label="gs_LegalProceedingsAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_LegalProceedingsAbstract_lbl" xml:lang="en-US" id="id_8104553_2088252_3_1"> Legal Proceedings [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_LegalProceedingsAbstract_lbl" xml:lang="en-US" id="id_8104553_2088252_1_1"> Legal Proceedings [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_LegalProceedingsAbstract_lbl" xml:lang="en-US" id="id_8104553_2088252_2_1"> Legal Proceedings [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_LegalProceedingsAbstract" xlink:to="gs_LegalProceedingsAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_LendingCommitmentsAllowance" xlink:label="gs_LendingCommitmentsAllowance"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_LendingCommitmentsAllowance_lbl" xml:lang="en-US" id="id_8104553_2385196_3_1"> Amount of allowance for lending commitments. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_LendingCommitmentsAllowance_lbl" xml:lang="en-US" id="id_8104553_2385196_1_1"> Lending Commitments Allowance </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="gs_LendingCommitmentsAllowance_lbl" xml:lang="en-US" id="id_8104553_2385196_4_1"> Balance, end of period </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="gs_LendingCommitmentsAllowance_lbl" xml:lang="en-US" id="id_8104553_2385196_5_1"> Balance, beginning of period </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_LendingCommitmentsAllowance" xlink:to="gs_LendingCommitmentsAllowance_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_LettersOfCreditCommitments" xlink:label="gs_LettersOfCreditCommitments"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_LettersOfCreditCommitments_lbl" xml:lang="en-US" id="id_8104553_2062441_3_1"> Amount of letters of credit issued by various banks to counterparties on behalf of the firm in lieu of securities or cash to satisfy various collateral and margin deposit requirements. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_LettersOfCreditCommitments_lbl" xml:lang="en-US" id="id_8104553_2062441_1_1"> Letters Of Credit Commitments </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_LettersOfCreditCommitments_lbl" xml:lang="en-US" id="id_8104553_2062441_2_1"> Letters of credit </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_LettersOfCreditCommitments" xlink:to="gs_LettersOfCreditCommitments_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_Level3AssetsAsPercentageOfAssets" xlink:label="gs_Level3AssetsAsPercentageOfAssets"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_Level3AssetsAsPercentageOfAssets_lbl" xml:lang="en-US" id="id_8104553_2363683_3_1"> Total level 3 assets as percentage of total assets. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_Level3AssetsAsPercentageOfAssets_lbl" xml:lang="en-US" id="id_8104553_2363683_1_1"> Level 3 Assets As Percentage Of Assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_Level3AssetsAsPercentageOfAssets_lbl" xml:lang="en-US" id="id_8104553_2363683_2_1"> Total level 3 financial assets as a percentage of total assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_Level3AssetsAsPercentageOfAssets" xlink:to="gs_Level3AssetsAsPercentageOfAssets_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_Level3AssetsAsPercentageOfFinancialAssetsAtFairValue" xlink:label="gs_Level3AssetsAsPercentageOfFinancialAssetsAtFairValue"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_Level3AssetsAsPercentageOfFinancialAssetsAtFairValue_lbl" xml:lang="en-US" id="id_8104553_2143728_3_1"> Total level 3 assets as a percentage of Total financial assets at fair value. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_Level3AssetsAsPercentageOfFinancialAssetsAtFairValue_lbl" xml:lang="en-US" id="id_8104553_2143728_1_1"> Level 3 Assets As Percentage Of Financial Assets At Fair Value </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_Level3AssetsAsPercentageOfFinancialAssetsAtFairValue_lbl" xml:lang="en-US" id="id_8104553_2143728_2_1"> Total level 3 financial assets as a percentage of total financial assets at fair value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_Level3AssetsAsPercentageOfFinancialAssetsAtFairValue" xlink:to="gs_Level3AssetsAsPercentageOfFinancialAssetsAtFairValue_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_Liabilities" xlink:label="us-gaap_Liabilities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_Liabilities_lbl" xml:lang="en-US" id="id_8104553_2031177_1_1"> Liabilities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_Liabilities_lbl" xml:lang="en-US" id="id_8104553_2031177_6_1"> Total liabilities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Liabilities" xlink:to="us-gaap_Liabilities_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquity" xlink:label="us-gaap_LiabilitiesAndStockholdersEquity"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilitiesAndStockholdersEquity_lbl" xml:lang="en-US" id="id_8104553_2031178_1_1"> Liabilities and Equity </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_LiabilitiesAndStockholdersEquity_lbl" xml:lang="en-US" id="id_8104553_2031178_6_1"> Total liabilities and shareholders' equity </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesAndStockholdersEquity" xlink:to="us-gaap_LiabilitiesAndStockholdersEquity_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:label="us-gaap_LiabilitiesAndStockholdersEquityAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilitiesAndStockholdersEquityAbstract_lbl" xml:lang="en-US" id="id_8104553_2034137_1_1"> Liabilities and Equity [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LiabilitiesAndStockholdersEquityAbstract_lbl" xml:lang="en-US" id="id_8104553_2034137_2_1"> Liabilities and shareholders' equity </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:to="us-gaap_LiabilitiesAndStockholdersEquityAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LiabilitiesFairValueDisclosure" xlink:label="us-gaap_LiabilitiesFairValueDisclosure"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilitiesFairValueDisclosure_lbl" xml:lang="en-US" id="id_8104553_2029681_1_1"> Financial and Nonfinancial Liabilities, Fair Value Disclosure </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LiabilitiesFairValueDisclosure_lbl" xml:lang="en-US" id="id_8104553_2029681_2_1"> Total financial liabilities at fair value </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_LiabilitiesFairValueDisclosure_lbl" xml:lang="en-US" id="id_8104553_2029681_14_1"> Total financial liabilities at fair value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesFairValueDisclosure" xlink:to="us-gaap_LiabilitiesFairValueDisclosure_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_LiabilitiesOfConsolidatedViesAbstract" xlink:label="gs_LiabilitiesOfConsolidatedViesAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_LiabilitiesOfConsolidatedViesAbstract_lbl" xml:lang="en-US" id="id_8104553_2136637_3_1"> Liabilities of consolidated VIEs. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_LiabilitiesOfConsolidatedViesAbstract_lbl" xml:lang="en-US" id="id_8104553_2136637_1_1"> Liabilities Of Consolidated Vies [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_LiabilitiesOfConsolidatedViesAbstract_lbl" xml:lang="en-US" id="id_8104553_2136637_2_1"> Liabilities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_LiabilitiesOfConsolidatedViesAbstract" xlink:to="gs_LiabilitiesOfConsolidatedViesAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_LibyaRelatedLitigationMember" xlink:label="gs_LibyaRelatedLitigationMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_LibyaRelatedLitigationMember_lbl" xml:lang="en-US" id="id_8104553_2089590_3_1"> Libya Related Litigation [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_LibyaRelatedLitigationMember_lbl" xml:lang="en-US" id="id_8104553_2089590_1_1"> Libya Related Litigation [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_LibyaRelatedLitigationMember_lbl" xml:lang="en-US" id="id_8104553_2089590_2_1"> Libya Related Litigation [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_LibyaRelatedLitigationMember" xlink:to="gs_LibyaRelatedLitigationMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LitigationCaseAxis" xlink:label="us-gaap_LitigationCaseAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LitigationCaseAxis_lbl" xml:lang="en-US" id="id_8104553_2029493_1_1"> Litigation Case [Axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LitigationCaseAxis_lbl" xml:lang="en-US" id="id_8104553_2029493_2_1"> Litigation Case [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LitigationCaseAxis" xlink:to="us-gaap_LitigationCaseAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LitigationCaseTypeDomain" xlink:label="us-gaap_LitigationCaseTypeDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LitigationCaseTypeDomain_lbl" xml:lang="en-US" id="id_8104553_2030977_1_1"> Litigation Case [Domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LitigationCaseTypeDomain_lbl" xml:lang="en-US" id="id_8104553_2030977_2_1"> Litigation Case [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LitigationCaseTypeDomain" xlink:to="us-gaap_LitigationCaseTypeDomain_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_LoansAndInvestmentsMaximumExposureToLossMember" xlink:label="gs_LoansAndInvestmentsMaximumExposureToLossMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_LoansAndInvestmentsMaximumExposureToLossMember_lbl" xml:lang="en-US" id="id_8104553_2076352_3_1"> Loans and investments, maximum exposure to loss. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_LoansAndInvestmentsMaximumExposureToLossMember_lbl" xml:lang="en-US" id="id_8104553_2076352_1_1"> Loans And Investments Maximum Exposure To Loss [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_LoansAndInvestmentsMaximumExposureToLossMember_lbl" xml:lang="en-US" id="id_8104553_2076352_2_1"> Loans and Investments, Maximum Exposure to Loss [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_LoansAndInvestmentsMaximumExposureToLossMember" xlink:to="gs_LoansAndInvestmentsMaximumExposureToLossMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LoansAndLeasesReceivableAllowance" xlink:label="us-gaap_LoansAndLeasesReceivableAllowance"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LoansAndLeasesReceivableAllowance_lbl" xml:lang="en-US" id="id_8104553_2030978_1_1"> Loans and Leases Receivable, Allowance </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_LoansAndLeasesReceivableAllowance_lbl" xml:lang="en-US" id="id_8104553_2030978_4_1"> Balance, end of period </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_LoansAndLeasesReceivableAllowance_lbl" xml:lang="en-US" id="id_8104553_2030978_5_1"> Balance, beginning of period </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_LoansAndLeasesReceivableAllowance_lbl" xml:lang="en-US" id="id_8104553_2030978_14_1"> Allowance for loan losses </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LoansAndLeasesReceivableAllowance" xlink:to="us-gaap_LoansAndLeasesReceivableAllowance_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_LoansAndLeasesReceivableClassificationAxis" xlink:label="gs_LoansAndLeasesReceivableClassificationAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_LoansAndLeasesReceivableClassificationAxis_lbl" xml:lang="en-US" id="id_8104553_2169672_3_1"> Loans And Leases Receivable Classification [Axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_LoansAndLeasesReceivableClassificationAxis_lbl" xml:lang="en-US" id="id_8104553_2169672_1_1"> Loans And Leases Receivable Classification [Axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_LoansAndLeasesReceivableClassificationAxis_lbl" xml:lang="en-US" id="id_8104553_2169672_2_1"> Loans And Leases Receivable Classification [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_LoansAndLeasesReceivableClassificationAxis" xlink:to="gs_LoansAndLeasesReceivableClassificationAxis_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_LoansAndLeasesReceivableClassificationDomain" xlink:label="gs_LoansAndLeasesReceivableClassificationDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_LoansAndLeasesReceivableClassificationDomain_lbl" xml:lang="en-US" id="id_8104553_2200190_3_1"> Loans And Leases Receivable Classification [Domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_LoansAndLeasesReceivableClassificationDomain_lbl" xml:lang="en-US" id="id_8104553_2200190_1_1"> Loans And Leases Receivable Classification [Domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_LoansAndLeasesReceivableClassificationDomain_lbl" xml:lang="en-US" id="id_8104553_2200190_2_1"> Loans And Leases Receivable Classification [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_LoansAndLeasesReceivableClassificationDomain" xlink:to="gs_LoansAndLeasesReceivableClassificationDomain_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LoansAndLeasesReceivableDisclosureAbstract" xlink:label="us-gaap_LoansAndLeasesReceivableDisclosureAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LoansAndLeasesReceivableDisclosureAbstract_lbl" xml:lang="en-US" id="id_8104553_2030117_1_1"> Loans and Leases Receivable Disclosure [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LoansAndLeasesReceivableDisclosureAbstract_lbl" xml:lang="en-US" id="id_8104553_2030117_2_1"> Loans and Leases Receivable Disclosure [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LoansAndLeasesReceivableDisclosureAbstract" xlink:to="us-gaap_LoansAndLeasesReceivableDisclosureAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LoansAndLeasesReceivableGrossCarryingAmount" xlink:label="us-gaap_LoansAndLeasesReceivableGrossCarryingAmount"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LoansAndLeasesReceivableGrossCarryingAmount_lbl" xml:lang="en-US" id="id_8104553_2033170_1_1"> Loans and Leases Receivable, Gross </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LoansAndLeasesReceivableGrossCarryingAmount_lbl" xml:lang="en-US" id="id_8104553_2033170_2_1"> Loans </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_LoansAndLeasesReceivableGrossCarryingAmount_lbl" xml:lang="en-US" id="id_8104553_2033170_12_1"> Subtotal </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LoansAndLeasesReceivableGrossCarryingAmount" xlink:to="us-gaap_LoansAndLeasesReceivableGrossCarryingAmount_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_LoansAndLeasesReceivableGrossCarryingAmountAndAmountOfLendingCommitmentsHeldForInvestment" xlink:label="gs_LoansAndLeasesReceivableGrossCarryingAmountAndAmountOfLendingCommitmentsHeldForInvestment"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_LoansAndLeasesReceivableGrossCarryingAmountAndAmountOfLendingCommitmentsHeldForInvestment_lbl" xml:lang="en-US" id="id_8104553_2385173_3_1"> Amount before allowance of loans and leases held in portfolio and amount of lending commitments held-for-investment. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_LoansAndLeasesReceivableGrossCarryingAmountAndAmountOfLendingCommitmentsHeldForInvestment_lbl" xml:lang="en-US" id="id_8104553_2385173_1_1"> Loans and Leases Receivable Gross Carrying Amount and Amount of Lending Commitments Held for Investment </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_LoansAndLeasesReceivableGrossCarryingAmountAndAmountOfLendingCommitmentsHeldForInvestment_lbl" xml:lang="en-US" id="id_8104553_2385173_2_1"> Total </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="gs_LoansAndLeasesReceivableGrossCarryingAmountAndAmountOfLendingCommitmentsHeldForInvestment_lbl" xml:lang="en-US" id="id_8104553_2385173_6_1"> Total </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_LoansAndLeasesReceivableGrossCarryingAmountAndAmountOfLendingCommitmentsHeldForInvestment" xlink:to="gs_LoansAndLeasesReceivableGrossCarryingAmountAndAmountOfLendingCommitmentsHeldForInvestment_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LoansAndLeasesReceivableNetReportedAmount" xlink:label="us-gaap_LoansAndLeasesReceivableNetReportedAmount"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LoansAndLeasesReceivableNetReportedAmount_lbl" xml:lang="en-US" id="id_8104553_2034931_1_1"> Loans and Leases Receivable, Net Amount </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LoansAndLeasesReceivableNetReportedAmount_lbl" xml:lang="en-US" id="id_8104553_2034931_2_1"> Loans receivable </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_LoansAndLeasesReceivableNetReportedAmount_lbl" xml:lang="en-US" id="id_8104553_2034931_6_1"> Total loans receivable </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LoansAndLeasesReceivableNetReportedAmount" xlink:to="us-gaap_LoansAndLeasesReceivableNetReportedAmount_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_LoansAndLendingCommitmentsTableTextBlock" xlink:label="gs_LoansAndLendingCommitmentsTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_LoansAndLendingCommitmentsTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2349592_3_1"> Loans and lending commitments. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_LoansAndLendingCommitmentsTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2349592_1_1"> Loans And Lending Commitments Table [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_LoansAndLendingCommitmentsTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2349592_2_1"> Loans and Lending Commitments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_LoansAndLendingCommitmentsTableTextBlock" xlink:to="gs_LoansAndLendingCommitmentsTableTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_LoansAndSecuritiesBackedByCommercialRealEstateMember" xlink:label="gs_LoansAndSecuritiesBackedByCommercialRealEstateMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_LoansAndSecuritiesBackedByCommercialRealEstateMember_lbl" xml:lang="en-US" id="id_8104553_2295286_3_1"> Loans and securities backed by commercial real estate. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_LoansAndSecuritiesBackedByCommercialRealEstateMember_lbl" xml:lang="en-US" id="id_8104553_2295286_1_1"> Loans And Securities Backed By Commercial Real Estate [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_LoansAndSecuritiesBackedByCommercialRealEstateMember_lbl" xml:lang="en-US" id="id_8104553_2295286_2_1"> Loans and Securities Backed by Commercial Real Estate [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_LoansAndSecuritiesBackedByCommercialRealEstateMember" xlink:to="gs_LoansAndSecuritiesBackedByCommercialRealEstateMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_LoansAndSecuritiesBackedByResidentialRealEstateMember" xlink:label="gs_LoansAndSecuritiesBackedByResidentialRealEstateMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_LoansAndSecuritiesBackedByResidentialRealEstateMember_lbl" xml:lang="en-US" id="id_8104553_2239584_3_1"> Loans and securities backed by residential real estate. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_LoansAndSecuritiesBackedByResidentialRealEstateMember_lbl" xml:lang="en-US" id="id_8104553_2239584_1_1"> Loans And Securities Backed By Residential Real Estate [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_LoansAndSecuritiesBackedByResidentialRealEstateMember_lbl" xml:lang="en-US" id="id_8104553_2239584_2_1"> Loans and Securities Backed by Residential Real Estate [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_LoansAndSecuritiesBackedByResidentialRealEstateMember" xlink:to="gs_LoansAndSecuritiesBackedByResidentialRealEstateMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_LoansBackedByCommercialRealEstateMember" xlink:label="gs_LoansBackedByCommercialRealEstateMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_LoansBackedByCommercialRealEstateMember_lbl" xml:lang="en-US" id="id_8104553_2196875_3_1"> Loans Backed By Commercial Real Estate [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_LoansBackedByCommercialRealEstateMember_lbl" xml:lang="en-US" id="id_8104553_2196875_1_1"> Loans Backed By Commercial Real Estate [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_LoansBackedByCommercialRealEstateMember_lbl" xml:lang="en-US" id="id_8104553_2196875_2_1"> Loans Backed by Commercial Real Estate [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_LoansBackedByCommercialRealEstateMember" xlink:to="gs_LoansBackedByCommercialRealEstateMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_LoansBackedByResidentialRealEstateMember" xlink:label="gs_LoansBackedByResidentialRealEstateMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_LoansBackedByResidentialRealEstateMember_lbl" xml:lang="en-US" id="id_8104553_2201693_3_1"> Loans Backed By Residential Real Estate [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_LoansBackedByResidentialRealEstateMember_lbl" xml:lang="en-US" id="id_8104553_2201693_1_1"> Loans Backed By Residential Real Estate [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_LoansBackedByResidentialRealEstateMember_lbl" xml:lang="en-US" id="id_8104553_2201693_2_1"> Loans Backed by Residential Real Estate [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_LoansBackedByResidentialRealEstateMember" xlink:to="gs_LoansBackedByResidentialRealEstateMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock" xlink:label="us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock_lbl" xml:lang="en-US" id="id_8104553_2032484_1_1"> Loans, Notes, Trade and Other Receivables Disclosure [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock_lbl" xml:lang="en-US" id="id_8104553_2032484_2_1"> Loans Receivable </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock" xlink:to="us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_LoansReceivableAndRelatedLendingCommitmentsMember" xlink:label="gs_LoansReceivableAndRelatedLendingCommitmentsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_LoansReceivableAndRelatedLendingCommitmentsMember_lbl" xml:lang="en-US" id="id_8104553_2353333_3_1"> Loans receivable and related lending commitments [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_LoansReceivableAndRelatedLendingCommitmentsMember_lbl" xml:lang="en-US" id="id_8104553_2353333_1_1"> Loans receivable and related lending commitments [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_LoansReceivableAndRelatedLendingCommitmentsMember_lbl" xml:lang="en-US" id="id_8104553_2353333_2_1"> Loans Receivable And Related Lending Commitments [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_LoansReceivableAndRelatedLendingCommitmentsMember" xlink:to="gs_LoansReceivableAndRelatedLendingCommitmentsMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LoansReceivableFairValueDisclosure" xlink:label="us-gaap_LoansReceivableFairValueDisclosure"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LoansReceivableFairValueDisclosure_lbl" xml:lang="en-US" id="id_8104553_2034347_1_1"> Loans Receivable, Fair Value Disclosure </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LoansReceivableFairValueDisclosure_lbl" xml:lang="en-US" id="id_8104553_2034347_2_1"> Estimated fair Value of loans receivable </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LoansReceivableFairValueDisclosure" xlink:to="us-gaap_LoansReceivableFairValueDisclosure_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LoansReceivableHeldForSaleAmount" xlink:label="us-gaap_LoansReceivableHeldForSaleAmount"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LoansReceivableHeldForSaleAmount_lbl" xml:lang="en-US" id="id_8104553_2030124_1_1"> Loans Receivable Held-for-sale, Amount </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LoansReceivableHeldForSaleAmount_lbl" xml:lang="en-US" id="id_8104553_2030124_2_1"> Loans held for sale </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LoansReceivableHeldForSaleAmount" xlink:to="us-gaap_LoansReceivableHeldForSaleAmount_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_LoansToPrivateWealthManagementClientMember" xlink:label="gs_LoansToPrivateWealthManagementClientMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_LoansToPrivateWealthManagementClientMember_lbl" xml:lang="en-US" id="id_8104553_2123742_3_1"> Loans To Private Wealth Management Client [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_LoansToPrivateWealthManagementClientMember_lbl" xml:lang="en-US" id="id_8104553_2123742_1_1"> Loans To Private Wealth Management Client [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_LoansToPrivateWealthManagementClientMember_lbl" xml:lang="en-US" id="id_8104553_2123742_2_1"> Loans to Private Wealth Management Clients [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_LoansToPrivateWealthManagementClientMember" xlink:to="gs_LoansToPrivateWealthManagementClientMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_LongTermBorrowingsTableTextBlock" xlink:label="gs_LongTermBorrowingsTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_LongTermBorrowingsTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2131079_3_1"> Long-term borrowings. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_LongTermBorrowingsTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2131079_1_1"> Long Term Borrowings Table [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_LongTermBorrowingsTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2131079_2_1"> Long-Term Borrowings </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_LongTermBorrowingsTableTextBlock" xlink:to="gs_LongTermBorrowingsTableTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LongTermDebtFairValue" xlink:label="us-gaap_LongTermDebtFairValue"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LongTermDebtFairValue_lbl" xml:lang="en-US" id="id_8104553_2033178_1_1"> Long-term Debt, Fair Value </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LongTermDebtFairValue_lbl" xml:lang="en-US" id="id_8104553_2033178_2_1"> Unsecured long-term borrowings at fair value </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_LongTermDebtFairValue_lbl" xml:lang="en-US" id="id_8104553_2033178_14_1"> Unsecured borrowings Long-term </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebtFairValue" xlink:to="us-gaap_LongTermDebtFairValue_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearSix" xlink:label="gs_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearSix"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearSix_lbl" xml:lang="en-US" id="id_8104553_2137489_3_1"> Long term debt maturities repayments of principal after year six. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearSix_lbl" xml:lang="en-US" id="id_8104553_2137489_1_1"> Long Term Debt Maturities Repayments Of Principal After Year Six </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearSix_lbl" xml:lang="en-US" id="id_8104553_2137489_2_1"> 2022 - thereafter </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearSix" xlink:to="gs_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearSix_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive_lbl" xml:lang="en-US" id="id_8104553_2029912_1_1"> Long-term Debt, Maturities, Repayments of Principal in Year Five </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive_lbl" xml:lang="en-US" id="id_8104553_2029912_2_1"> 2020 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive" xlink:to="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_lbl" xml:lang="en-US" id="id_8104553_2029030_1_1"> Long-term Debt, Maturities, Repayments of Principal in Year Four </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_lbl" xml:lang="en-US" id="id_8104553_2029030_2_1"> 2019 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour" xlink:to="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearSix" xlink:label="gs_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearSix"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearSix_lbl" xml:lang="en-US" id="id_8104553_2273781_3_1"> Long term debt maturities repayments of principal in year six. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearSix_lbl" xml:lang="en-US" id="id_8104553_2273781_1_1"> Long Term Debt Maturities Repayments Of Principal In Year Six </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearSix_lbl" xml:lang="en-US" id="id_8104553_2273781_2_1"> 2021 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearSix" xlink:to="gs_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearSix_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_lbl" xml:lang="en-US" id="id_8104553_2031859_1_1"> Long-term Debt, Maturities, Repayments of Principal in Year Three </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_lbl" xml:lang="en-US" id="id_8104553_2031859_2_1"> 2018 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree" xlink:to="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_lbl" xml:lang="en-US" id="id_8104553_2033593_1_1"> Long-term Debt, Maturities, Repayments of Principal in Year Two </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_lbl" xml:lang="en-US" id="id_8104553_2033593_2_1"> 2017 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo" xlink:to="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LongTermDebtMember" xlink:label="us-gaap_LongTermDebtMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LongTermDebtMember_lbl" xml:lang="en-US" id="id_8104553_2029913_1_1"> Long-term Debt [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LongTermDebtMember_lbl" xml:lang="en-US" id="id_8104553_2029913_2_1"> Other secured financings (long-term) [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebtMember" xlink:to="us-gaap_LongTermDebtMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LongTermDebtNoncurrent" xlink:label="us-gaap_LongTermDebtNoncurrent"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LongTermDebtNoncurrent_lbl" xml:lang="en-US" id="id_8104553_2028655_1_1"> Long-term Debt, Excluding Current Maturities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_LongTermDebtNoncurrent_lbl" xml:lang="en-US" id="id_8104553_2028655_6_1"> Total </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebtNoncurrent" xlink:to="us-gaap_LongTermDebtNoncurrent_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LongTermDebtNoncurrentAbstract" xlink:label="us-gaap_LongTermDebtNoncurrentAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LongTermDebtNoncurrentAbstract_lbl" xml:lang="en-US" id="id_8104553_2028841_1_1"> Long-term Debt, Excluding Current Maturities [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LongTermDebtNoncurrentAbstract_lbl" xml:lang="en-US" id="id_8104553_2028841_2_1"> Long-term Debt, Excluding Current Maturities [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebtNoncurrentAbstract" xlink:to="us-gaap_LongTermDebtNoncurrentAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LongTermDebtPercentageBearingFixedInterestRate" xlink:label="us-gaap_LongTermDebtPercentageBearingFixedInterestRate"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LongTermDebtPercentageBearingFixedInterestRate_lbl" xml:lang="en-US" id="id_8104553_2030795_1_1"> Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LongTermDebtPercentageBearingFixedInterestRate_lbl" xml:lang="en-US" id="id_8104553_2030795_2_1"> Fixed interest rate debt obligations interest rates range </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebtPercentageBearingFixedInterestRate" xlink:to="us-gaap_LongTermDebtPercentageBearingFixedInterestRate_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LongTermDebtTextBlock" xlink:label="us-gaap_LongTermDebtTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LongTermDebtTextBlock_lbl" xml:lang="en-US" id="id_8104553_2033180_1_1"> Long-term Debt [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LongTermDebtTextBlock_lbl" xml:lang="en-US" id="id_8104553_2033180_2_1"> Long-Term Borrowings </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebtTextBlock" xlink:to="us-gaap_LongTermDebtTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LongtermDebtTypeAxis" xlink:label="us-gaap_LongtermDebtTypeAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LongtermDebtTypeAxis_lbl" xml:lang="en-US" id="id_8104553_2033594_1_1"> Long-term Debt, Type [Axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LongtermDebtTypeAxis_lbl" xml:lang="en-US" id="id_8104553_2033594_2_1"> Long-term Debt, Type [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongtermDebtTypeAxis" xlink:to="us-gaap_LongtermDebtTypeAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LongtermDebtTypeDomain" xlink:label="us-gaap_LongtermDebtTypeDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LongtermDebtTypeDomain_lbl" xml:lang="en-US" id="id_8104553_2032331_1_1"> Long-term Debt, Type [Domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LongtermDebtTypeDomain_lbl" xml:lang="en-US" id="id_8104553_2032331_2_1"> Long-term Debt, Type [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongtermDebtTypeDomain" xlink:to="us-gaap_LongtermDebtTypeDomain_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_LongTermJuniorSubordinatedDebtEffectiveWeightedAverageInterestRateAfterHedging" xlink:label="gs_LongTermJuniorSubordinatedDebtEffectiveWeightedAverageInterestRateAfterHedging"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_LongTermJuniorSubordinatedDebtEffectiveWeightedAverageInterestRateAfterHedging_lbl" xml:lang="en-US" id="id_8104553_2118709_3_1"> Effective weighted average interest rate on long-term junior subordinated debt, after hedging. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_LongTermJuniorSubordinatedDebtEffectiveWeightedAverageInterestRateAfterHedging_lbl" xml:lang="en-US" id="id_8104553_2118709_1_1"> Long Term Junior Subordinated Debt Effective Weighted Average Interest Rate After Hedging </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_LongTermJuniorSubordinatedDebtEffectiveWeightedAverageInterestRateAfterHedging_lbl" xml:lang="en-US" id="id_8104553_2118709_2_1"> Effective weighted average interest rate of long-term junior subordinated debt, after hedging </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_LongTermJuniorSubordinatedDebtEffectiveWeightedAverageInterestRateAfterHedging" xlink:to="gs_LongTermJuniorSubordinatedDebtEffectiveWeightedAverageInterestRateAfterHedging_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_LongTermOtherSecuredFinancingsAtFairValueMember" xlink:label="gs_LongTermOtherSecuredFinancingsAtFairValueMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_LongTermOtherSecuredFinancingsAtFairValueMember_lbl" xml:lang="en-US" id="id_8104553_2269699_3_1"> Long-term Other Secured Financings At Fair Value. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_LongTermOtherSecuredFinancingsAtFairValueMember_lbl" xml:lang="en-US" id="id_8104553_2269699_1_1"> Long Term Other Secured Financings At Fair Value [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_LongTermOtherSecuredFinancingsAtFairValueMember_lbl" xml:lang="en-US" id="id_8104553_2269699_2_1"> Long-term Other Secured Financings At Fair Value [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_LongTermOtherSecuredFinancingsAtFairValueMember" xlink:to="gs_LongTermOtherSecuredFinancingsAtFairValueMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_LongTermSubordinatedBorrowingsEffectiveWeightedAverageInterestRateAfterHedging" xlink:label="gs_LongTermSubordinatedBorrowingsEffectiveWeightedAverageInterestRateAfterHedging"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_LongTermSubordinatedBorrowingsEffectiveWeightedAverageInterestRateAfterHedging_lbl" xml:lang="en-US" id="id_8104553_2053217_3_1"> Effective weighted average interest rate on long-term subordinated borrowings, after hedging. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_LongTermSubordinatedBorrowingsEffectiveWeightedAverageInterestRateAfterHedging_lbl" xml:lang="en-US" id="id_8104553_2053217_1_1"> Long Term Subordinated Borrowings Effective Weighted Average Interest Rate After Hedging </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_LongTermSubordinatedBorrowingsEffectiveWeightedAverageInterestRateAfterHedging_lbl" xml:lang="en-US" id="id_8104553_2053217_2_1"> Effective weighted average interest rate on long-term subordinated borrowings, after hedging </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_LongTermSubordinatedBorrowingsEffectiveWeightedAverageInterestRateAfterHedging" xlink:to="gs_LongTermSubordinatedBorrowingsEffectiveWeightedAverageInterestRateAfterHedging_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_LongTermSubordinatedDebt" xlink:label="gs_LongTermSubordinatedDebt"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_LongTermSubordinatedDebt_lbl" xml:lang="en-US" id="id_8104553_2246735_3_1"> Carrying value as of the balance sheet date of uncollateralized subordinated debt obligations (with maturities after one year from the balance sheet date) not otherwise denoted in the taxonomy. Subordinated debt places lender in a lien position behind the primary lender of the company. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_LongTermSubordinatedDebt_lbl" xml:lang="en-US" id="id_8104553_2246735_1_1"> Long Term Subordinated Debt </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_LongTermSubordinatedDebt_lbl" xml:lang="en-US" id="id_8104553_2246735_2_1"> Long-term subordinated debt outstanding </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_LongTermSubordinatedDebt" xlink:to="gs_LongTermSubordinatedDebt_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_LongTermSubordinatedDebtEffectiveWeightedAverageInterestRateAfterHedging" xlink:label="gs_LongTermSubordinatedDebtEffectiveWeightedAverageInterestRateAfterHedging"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_LongTermSubordinatedDebtEffectiveWeightedAverageInterestRateAfterHedging_lbl" xml:lang="en-US" id="id_8104553_2065191_3_1"> Effective weighted average interest rate on long-term subordinated debt, after hedging. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_LongTermSubordinatedDebtEffectiveWeightedAverageInterestRateAfterHedging_lbl" xml:lang="en-US" id="id_8104553_2065191_1_1"> Long Term Subordinated Debt Effective Weighted Average Interest Rate After Hedging </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_LongTermSubordinatedDebtEffectiveWeightedAverageInterestRateAfterHedging_lbl" xml:lang="en-US" id="id_8104553_2065191_2_1"> Effective weighted average interest rate of long-term subordinated debt, after hedging </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_LongTermSubordinatedDebtEffectiveWeightedAverageInterestRateAfterHedging" xlink:to="gs_LongTermSubordinatedDebtEffectiveWeightedAverageInterestRateAfterHedging_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LossContingenciesByNatureOfContingencyAxis" xlink:label="us-gaap_LossContingenciesByNatureOfContingencyAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LossContingenciesByNatureOfContingencyAxis_lbl" xml:lang="en-US" id="id_8104553_2032333_1_1"> Loss Contingency Nature [Axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LossContingenciesByNatureOfContingencyAxis_lbl" xml:lang="en-US" id="id_8104553_2032333_2_1"> Loss Contingency Nature [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LossContingenciesByNatureOfContingencyAxis" xlink:to="us-gaap_LossContingenciesByNatureOfContingencyAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LossContingencyDamagesSoughtValue" xlink:label="us-gaap_LossContingencyDamagesSoughtValue"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LossContingencyDamagesSoughtValue_lbl" xml:lang="en-US" id="id_8104553_2034357_1_1"> Loss Contingency, Damages Sought, Value </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LossContingencyDamagesSoughtValue_lbl" xml:lang="en-US" id="id_8104553_2034357_2_1"> Compensatory damages sought </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LossContingencyDamagesSoughtValue" xlink:to="us-gaap_LossContingencyDamagesSoughtValue_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LossContingencyNatureDomain" xlink:label="us-gaap_LossContingencyNatureDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LossContingencyNatureDomain_lbl" xml:lang="en-US" id="id_8104553_2028170_1_1"> Loss Contingency, Nature [Domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LossContingencyNatureDomain_lbl" xml:lang="en-US" id="id_8104553_2028170_2_1"> Loss Contingency, Nature [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LossContingencyNatureDomain" xlink:to="us-gaap_LossContingencyNatureDomain_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_LossContingencyPunitiveExemplaryAndAggravatedDamagesSoughtValue" xlink:label="gs_LossContingencyPunitiveExemplaryAndAggravatedDamagesSoughtValue"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_LossContingencyPunitiveExemplaryAndAggravatedDamagesSoughtValue_lbl" xml:lang="en-US" id="id_8104553_2217543_3_1"> The value of the punitive, exemplary and aggravated damages the plaintiff seeks in the legal matter. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_LossContingencyPunitiveExemplaryAndAggravatedDamagesSoughtValue_lbl" xml:lang="en-US" id="id_8104553_2217543_1_1"> Loss Contingency Punitive Exemplary And Aggravated Damages Sought Value </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_LossContingencyPunitiveExemplaryAndAggravatedDamagesSoughtValue_lbl" xml:lang="en-US" id="id_8104553_2217543_2_1"> Punitive, exemplary and aggravated damages sought </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_LossContingencyPunitiveExemplaryAndAggravatedDamagesSoughtValue" xlink:to="gs_LossContingencyPunitiveExemplaryAndAggravatedDamagesSoughtValue_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LossContingencyRangeOfPossibleLossPortionNotAccrued" xlink:label="us-gaap_LossContingencyRangeOfPossibleLossPortionNotAccrued"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LossContingencyRangeOfPossibleLossPortionNotAccrued_lbl" xml:lang="en-US" id="id_8104553_2029032_1_1"> Loss Contingency, Range of Possible Loss, Portion Not Accrued </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LossContingencyRangeOfPossibleLossPortionNotAccrued_lbl" xml:lang="en-US" id="id_8104553_2029032_2_1"> Estimated aggregate amount of reasonably possible losses for legal proceedings </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LossContingencyRangeOfPossibleLossPortionNotAccrued" xlink:to="us-gaap_LossContingencyRangeOfPossibleLossPortionNotAccrued_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis" xlink:label="us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_lbl" xml:lang="en-US" id="id_8104553_2031210_1_1"> Major Types of Debt and Equity Securities [Axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_lbl" xml:lang="en-US" id="id_8104553_2031210_2_1"> Major Types of Debt and Equity Securities [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis" xlink:to="us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain" xlink:label="us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_lbl" xml:lang="en-US" id="id_8104553_2030355_1_1"> Major Types of Debt and Equity Securities [Domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_lbl" xml:lang="en-US" id="id_8104553_2030355_2_1"> Major Types of Debt and Equity Securities [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain" xlink:to="us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_ManagementFeesWaived" xlink:label="gs_ManagementFeesWaived"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_ManagementFeesWaived_lbl" xml:lang="en-US" id="id_8104553_2075263_3_1"> Management fees waived </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_ManagementFeesWaived_lbl" xml:lang="en-US" id="id_8104553_2075263_1_1"> Management Fees Waived </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_ManagementFeesWaived_lbl" xml:lang="en-US" id="id_8104553_2075263_2_1"> Management fees waived </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_ManagementFeesWaived" xlink:to="gs_ManagementFeesWaived_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_MarketMaking" xlink:label="gs_MarketMaking"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_MarketMaking_lbl" xml:lang="en-US" id="id_8104553_2123642_3_1"> Revenues include the gains or losses from marking financial assets and liabilities in the Institutional Client Services segment to fair value. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_MarketMaking_lbl" xml:lang="en-US" id="id_8104553_2123642_1_1"> Market Making </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_MarketMaking_lbl" xml:lang="en-US" id="id_8104553_2123642_2_1"> Market making </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_MarketMaking" xlink:to="gs_MarketMaking_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_MarketMakingMember" xlink:label="gs_MarketMakingMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_MarketMakingMember_lbl" xml:lang="en-US" id="id_8104553_2328293_3_1"> Transaction revenues recorded in "Market making." </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_MarketMakingMember_lbl" xml:lang="en-US" id="id_8104553_2328293_1_1"> Market Making [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_MarketMakingMember_lbl" xml:lang="en-US" id="id_8104553_2328293_2_1"> Market making [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_MarketMakingMember" xlink:to="gs_MarketMakingMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_MarketRwas" xlink:label="gs_MarketRwas"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_MarketRwas_lbl" xml:lang="en-US" id="id_8104553_2376097_3_1"> Market risk-weighted assets. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_MarketRwas_lbl" xml:lang="en-US" id="id_8104553_2376097_1_1"> Market RWAS </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_MarketRwas_lbl" xml:lang="en-US" id="id_8104553_2376097_2_1"> Market RWAs </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_MarketRwas" xlink:to="gs_MarketRwas_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_MaturitiesAxis" xlink:label="gs_MaturitiesAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_MaturitiesAxis_lbl" xml:lang="en-US" id="id_8104553_2297960_3_1"> The set of maturities for various commitments or guarantees. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_MaturitiesAxis_lbl" xml:lang="en-US" id="id_8104553_2297960_1_1"> Maturities [Axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_MaturitiesAxis_lbl" xml:lang="en-US" id="id_8104553_2297960_2_1"> Maturities [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_MaturitiesAxis" xlink:to="gs_MaturitiesAxis_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_MaturitiesCurrentFiscalYearMember" xlink:label="gs_MaturitiesCurrentFiscalYearMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_MaturitiesCurrentFiscalYearMember_lbl" xml:lang="en-US" id="id_8104553_2229716_3_1"> Maturities current fiscal year. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_MaturitiesCurrentFiscalYearMember_lbl" xml:lang="en-US" id="id_8104553_2229716_1_1"> Maturities Current Fiscal Year [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_MaturitiesCurrentFiscalYearMember_lbl" xml:lang="en-US" id="id_8104553_2229716_2_1"> Maturities, Remainder of Current Fiscal Year [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_MaturitiesCurrentFiscalYearMember" xlink:to="gs_MaturitiesCurrentFiscalYearMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_MaturitiesDomain" xlink:label="gs_MaturitiesDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_MaturitiesDomain_lbl" xml:lang="en-US" id="id_8104553_2061429_3_1"> Maturities [Domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_MaturitiesDomain_lbl" xml:lang="en-US" id="id_8104553_2061429_1_1"> Maturities [Domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_MaturitiesDomain_lbl" xml:lang="en-US" id="id_8104553_2061429_2_1"> Maturities [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_MaturitiesDomain" xlink:to="gs_MaturitiesDomain_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_MaturitiesOfDomesticTimeDepositsMember" xlink:label="gs_MaturitiesOfDomesticTimeDepositsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_MaturitiesOfDomesticTimeDepositsMember_lbl" xml:lang="en-US" id="id_8104553_2298973_3_1"> Maturities of domestic time deposits. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_MaturitiesOfDomesticTimeDepositsMember_lbl" xml:lang="en-US" id="id_8104553_2298973_1_1"> Maturities Of Domestic Time Deposits [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_MaturitiesOfDomesticTimeDepositsMember_lbl" xml:lang="en-US" id="id_8104553_2298973_2_1"> U.S. [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_MaturitiesOfDomesticTimeDepositsMember" xlink:to="gs_MaturitiesOfDomesticTimeDepositsMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_MaturitiesOfForeignTimeDepositsMember" xlink:label="gs_MaturitiesOfForeignTimeDepositsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_MaturitiesOfForeignTimeDepositsMember_lbl" xml:lang="en-US" id="id_8104553_2342787_3_1"> Maturities of foreign time deposits. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_MaturitiesOfForeignTimeDepositsMember_lbl" xml:lang="en-US" id="id_8104553_2342787_1_1"> Maturities Of Foreign Time Deposits [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_MaturitiesOfForeignTimeDepositsMember_lbl" xml:lang="en-US" id="id_8104553_2342787_2_1"> Non-U.S. [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_MaturitiesOfForeignTimeDepositsMember" xlink:to="gs_MaturitiesOfForeignTimeDepositsMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_MaturitiesOfTimeDepositsTableTextBlock" xlink:label="gs_MaturitiesOfTimeDepositsTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_MaturitiesOfTimeDepositsTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2161120_3_1"> Maturities of time deposits. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_MaturitiesOfTimeDepositsTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2161120_1_1"> Maturities Of Time Deposits Table [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_MaturitiesOfTimeDepositsTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2161120_2_1"> Maturities of Time Deposits </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_MaturitiesOfTimeDepositsTableTextBlock" xlink:to="gs_MaturitiesOfTimeDepositsTableTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_MaturitiesYearFiveAndThereafterMember" xlink:label="gs_MaturitiesYearFiveAndThereafterMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_MaturitiesYearFiveAndThereafterMember_lbl" xml:lang="en-US" id="id_8104553_2330051_3_1"> Maturities year five and thereafter. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_MaturitiesYearFiveAndThereafterMember_lbl" xml:lang="en-US" id="id_8104553_2330051_1_1"> Maturities Year Five And Thereafter [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_MaturitiesYearFiveAndThereafterMember_lbl" xml:lang="en-US" id="id_8104553_2330051_2_1"> Maturities, Year 5 and Thereafter [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_MaturitiesYearFiveAndThereafterMember" xlink:to="gs_MaturitiesYearFiveAndThereafterMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_MaturitiesYearFourAndYearFiveMember" xlink:label="gs_MaturitiesYearFourAndYearFiveMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_MaturitiesYearFourAndYearFiveMember_lbl" xml:lang="en-US" id="id_8104553_2079374_3_1"> Maturities, Year 4 and Year 5 [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_MaturitiesYearFourAndYearFiveMember_lbl" xml:lang="en-US" id="id_8104553_2079374_1_1"> Maturities Year Four And Year Five [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_MaturitiesYearFourAndYearFiveMember_lbl" xml:lang="en-US" id="id_8104553_2079374_2_1"> Maturities, Year 4 and Year 5 [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_MaturitiesYearFourAndYearFiveMember" xlink:to="gs_MaturitiesYearFourAndYearFiveMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_MaturitiesYearOneMember" xlink:label="gs_MaturitiesYearOneMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_MaturitiesYearOneMember_lbl" xml:lang="en-US" id="id_8104553_2170291_3_1"> Maturities, Year 1 [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_MaturitiesYearOneMember_lbl" xml:lang="en-US" id="id_8104553_2170291_1_1"> Maturities Year One [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_MaturitiesYearOneMember_lbl" xml:lang="en-US" id="id_8104553_2170291_2_1"> Maturities, Year 1 [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_MaturitiesYearOneMember" xlink:to="gs_MaturitiesYearOneMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_MaturitiesYearSixAndThereafterMember" xlink:label="gs_MaturitiesYearSixAndThereafterMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_MaturitiesYearSixAndThereafterMember_lbl" xml:lang="en-US" id="id_8104553_2132159_3_1"> Maturities, Year 6 and Thereafter [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_MaturitiesYearSixAndThereafterMember_lbl" xml:lang="en-US" id="id_8104553_2132159_1_1"> Maturities Year Six And Thereafter [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_MaturitiesYearSixAndThereafterMember_lbl" xml:lang="en-US" id="id_8104553_2132159_2_1"> Maturities, Year 6 and Thereafter [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_MaturitiesYearSixAndThereafterMember" xlink:to="gs_MaturitiesYearSixAndThereafterMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_MaturitiesYearThreeAndYearFourMember" xlink:label="gs_MaturitiesYearThreeAndYearFourMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_MaturitiesYearThreeAndYearFourMember_lbl" xml:lang="en-US" id="id_8104553_2241613_3_1"> Maturities year three and year four. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_MaturitiesYearThreeAndYearFourMember_lbl" xml:lang="en-US" id="id_8104553_2241613_1_1"> Maturities Year Three And Year Four [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_MaturitiesYearThreeAndYearFourMember_lbl" xml:lang="en-US" id="id_8104553_2241613_2_1"> Maturities, Year 3 and Year 4 [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_MaturitiesYearThreeAndYearFourMember" xlink:to="gs_MaturitiesYearThreeAndYearFourMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_MaturitiesYearTwoAndYearThreeMember" xlink:label="gs_MaturitiesYearTwoAndYearThreeMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_MaturitiesYearTwoAndYearThreeMember_lbl" xml:lang="en-US" id="id_8104553_2261337_3_1"> Maturities, Year 2 and Year 3 [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_MaturitiesYearTwoAndYearThreeMember_lbl" xml:lang="en-US" id="id_8104553_2261337_1_1"> Maturities Year Two And Year Three [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_MaturitiesYearTwoAndYearThreeMember_lbl" xml:lang="en-US" id="id_8104553_2261337_2_1"> Maturities, Year 2 and Year 3 [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_MaturitiesYearTwoAndYearThreeMember" xlink:to="gs_MaturitiesYearTwoAndYearThreeMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_Maturity30To90DaysMember" xlink:label="us-gaap_Maturity30To90DaysMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_Maturity30To90DaysMember_lbl" xml:lang="en-US" id="id_8104553_2034951_1_1"> Maturity 30 to 90 Days [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_Maturity30To90DaysMember_lbl" xml:lang="en-US" id="id_8104553_2034951_2_1"> 31 - 90 Days [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Maturity30To90DaysMember" xlink:to="us-gaap_Maturity30To90DaysMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_Maturity91DaysTo1YearMember" xlink:label="gs_Maturity91DaysTo1YearMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_Maturity91DaysTo1YearMember_lbl" xml:lang="en-US" id="id_8104553_2318245_3_1"> Period of maturity for a group of securities sold under repurchase agreements or securities loaned agreements which mature over 1 year from the reporting date. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_Maturity91DaysTo1YearMember_lbl" xml:lang="en-US" id="id_8104553_2318245_1_1"> Maturity 91 Days To 1 Year Member [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_Maturity91DaysTo1YearMember_lbl" xml:lang="en-US" id="id_8104553_2318245_2_1"> 91 Days - 1 Year [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_Maturity91DaysTo1YearMember" xlink:to="gs_Maturity91DaysTo1YearMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_MaturityDateOfJuniorSubordinatedDebenturesHeldByCertainThirdParties" xlink:label="gs_MaturityDateOfJuniorSubordinatedDebenturesHeldByCertainThirdParties"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_MaturityDateOfJuniorSubordinatedDebenturesHeldByCertainThirdParties_lbl" xml:lang="en-US" id="id_8104553_2277676_3_1"> Maturity date of Junior Subordinated Debentures held by certain third parties. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_MaturityDateOfJuniorSubordinatedDebenturesHeldByCertainThirdParties_lbl" xml:lang="en-US" id="id_8104553_2277676_1_1"> Maturity Date Of Junior Subordinated Debentures Held By Certain Third Parties </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_MaturityDateOfJuniorSubordinatedDebenturesHeldByCertainThirdParties_lbl" xml:lang="en-US" id="id_8104553_2277676_2_1"> Maturity date of Junior Subordinated Debentures held by certain third parties </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_MaturityDateOfJuniorSubordinatedDebenturesHeldByCertainThirdParties" xlink:to="gs_MaturityDateOfJuniorSubordinatedDebenturesHeldByCertainThirdParties_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_MaturityDateOfJuniorSubordinatedDebenturesIssuedToTrust" xlink:label="gs_MaturityDateOfJuniorSubordinatedDebenturesIssuedToTrust"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_MaturityDateOfJuniorSubordinatedDebenturesIssuedToTrust_lbl" xml:lang="en-US" id="id_8104553_2290292_3_1"> Maturity date of Junior Subordinated Debentures issued to Goldman Sachs Capital I (Trust). </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_MaturityDateOfJuniorSubordinatedDebenturesIssuedToTrust_lbl" xml:lang="en-US" id="id_8104553_2290292_1_1"> Maturity Date Of Junior Subordinated Debentures Issued To Trust </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_MaturityDateOfJuniorSubordinatedDebenturesIssuedToTrust_lbl" xml:lang="en-US" id="id_8104553_2290292_2_1"> Maturity date of Junior Subordinated Debentures issued to Trust </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_MaturityDateOfJuniorSubordinatedDebenturesIssuedToTrust" xlink:to="gs_MaturityDateOfJuniorSubordinatedDebenturesIssuedToTrust_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_MaturityDateOfJuniorSubordinatedDebtHeldByTrust" xlink:label="gs_MaturityDateOfJuniorSubordinatedDebtHeldByTrust"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_MaturityDateOfJuniorSubordinatedDebtHeldByTrust_lbl" xml:lang="en-US" id="id_8104553_2308653_3_1"> Maturity date of Junior Subordinated Debt held by Murray Street Trust. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_MaturityDateOfJuniorSubordinatedDebtHeldByTrust_lbl" xml:lang="en-US" id="id_8104553_2308653_1_1"> Maturity Date Of Junior Subordinated Debt Held By Trust </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_MaturityDateOfJuniorSubordinatedDebtHeldByTrust_lbl" xml:lang="en-US" id="id_8104553_2308653_2_1"> Maturity date of Junior Subordinated Debt held by Murray Street Trust </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_MaturityDateOfJuniorSubordinatedDebtHeldByTrust" xlink:to="gs_MaturityDateOfJuniorSubordinatedDebtHeldByTrust_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_MaturityDateOfJuniorSubordinatedDebtHeldByTrust2" xlink:label="gs_MaturityDateOfJuniorSubordinatedDebtHeldByTrust2"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_MaturityDateOfJuniorSubordinatedDebtHeldByTrust2_lbl" xml:lang="en-US" id="id_8104553_2339705_3_1"> Maturity date of Junior Subordinated Debt held by Vesey Street Trust. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_MaturityDateOfJuniorSubordinatedDebtHeldByTrust2_lbl" xml:lang="en-US" id="id_8104553_2339705_1_1"> Maturity Date Of Junior Subordinated Debt Held By Trust 2 </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_MaturityDateOfJuniorSubordinatedDebtHeldByTrust2_lbl" xml:lang="en-US" id="id_8104553_2339705_2_1"> Maturity date of Junior Subordinated Debt held by Vesey Street Trust </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_MaturityDateOfJuniorSubordinatedDebtHeldByTrust2" xlink:to="gs_MaturityDateOfJuniorSubordinatedDebtHeldByTrust2_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_MaturityGreaterThan1YearMember" xlink:label="gs_MaturityGreaterThan1YearMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_MaturityGreaterThan1YearMember_lbl" xml:lang="en-US" id="id_8104553_2248172_3_1"> Period of maturity for a group of securities sold under repurchase agreements or securities loaned agreements which mature over 1 year from the reporting date. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_MaturityGreaterThan1YearMember_lbl" xml:lang="en-US" id="id_8104553_2248172_1_1"> Maturity Greater Than 1 Year [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_MaturityGreaterThan1YearMember_lbl" xml:lang="en-US" id="id_8104553_2248172_2_1"> Greater than 1 Year [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_MaturityGreaterThan1YearMember" xlink:to="gs_MaturityGreaterThan1YearMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_MaturityOfTimeDeposits" xlink:label="us-gaap_MaturityOfTimeDeposits"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MaturityOfTimeDeposits_lbl" xml:lang="en-US" id="id_8104553_2034726_1_1"> Maturity of Time Deposits </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_MaturityOfTimeDeposits_lbl" xml:lang="en-US" id="id_8104553_2034726_2_1"> Weighted average maturity of time deposits </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MaturityOfTimeDeposits" xlink:to="us-gaap_MaturityOfTimeDeposits_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_MaturityOvernightMember" xlink:label="us-gaap_MaturityOvernightMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MaturityOvernightMember_lbl" xml:lang="en-US" id="id_8104553_2033959_1_1"> Maturity Overnight [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_MaturityOvernightMember_lbl" xml:lang="en-US" id="id_8104553_2033959_2_1"> No Stated Maturity and Overnight [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MaturityOvernightMember" xlink:to="us-gaap_MaturityOvernightMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_MaturityUpTo30DaysMember" xlink:label="us-gaap_MaturityUpTo30DaysMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MaturityUpTo30DaysMember_lbl" xml:lang="en-US" id="id_8104553_2030143_1_1"> Maturity Less than 30 Days [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_MaturityUpTo30DaysMember_lbl" xml:lang="en-US" id="id_8104553_2030143_2_1"> 2 - 30 Days [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MaturityUpTo30DaysMember" xlink:to="us-gaap_MaturityUpTo30DaysMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_MaximumExposureToAdverseChangesInValueOfRetainedInterestsRelatingToOtherAssetBackedSecurities" xlink:label="gs_MaximumExposureToAdverseChangesInValueOfRetainedInterestsRelatingToOtherAssetBackedSecurities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_MaximumExposureToAdverseChangesInValueOfRetainedInterestsRelatingToOtherAssetBackedSecurities_lbl" xml:lang="en-US" id="id_8104553_2134612_3_1"> Maximum exposure to adverse changes in the value of retained interests relating to other asset backed securities. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_MaximumExposureToAdverseChangesInValueOfRetainedInterestsRelatingToOtherAssetBackedSecurities_lbl" xml:lang="en-US" id="id_8104553_2134612_1_1"> Maximum Exposure To Adverse Changes In Value Of Retained Interests Relating To Other Asset Backed Securities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_MaximumExposureToAdverseChangesInValueOfRetainedInterestsRelatingToOtherAssetBackedSecurities_lbl" xml:lang="en-US" id="id_8104553_2134612_2_1"> Maximum Exposure to Adverse Changes in the value of retained interests relating to Other securities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_MaximumExposureToAdverseChangesInValueOfRetainedInterestsRelatingToOtherAssetBackedSecurities" xlink:to="gs_MaximumExposureToAdverseChangesInValueOfRetainedInterestsRelatingToOtherAssetBackedSecurities_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_MaximumExposureToLossCategoryAxis" xlink:label="gs_MaximumExposureToLossCategoryAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_MaximumExposureToLossCategoryAxis_lbl" xml:lang="en-US" id="id_8104553_2053133_3_1"> Maximum exposure to loss category. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_MaximumExposureToLossCategoryAxis_lbl" xml:lang="en-US" id="id_8104553_2053133_1_1"> Maximum Exposure To Loss Category [Axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_MaximumExposureToLossCategoryAxis_lbl" xml:lang="en-US" id="id_8104553_2053133_2_1"> Maximum Exposure To Loss Category [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_MaximumExposureToLossCategoryAxis" xlink:to="gs_MaximumExposureToLossCategoryAxis_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_MaximumExposureToLossCategoryDomain" xlink:label="gs_MaximumExposureToLossCategoryDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_MaximumExposureToLossCategoryDomain_lbl" xml:lang="en-US" id="id_8104553_2094023_3_1"> Maximum Exposure To Loss Category [Domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_MaximumExposureToLossCategoryDomain_lbl" xml:lang="en-US" id="id_8104553_2094023_1_1"> Maximum Exposure To Loss Category [Domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_MaximumExposureToLossCategoryDomain_lbl" xml:lang="en-US" id="id_8104553_2094023_2_1"> Maximum Exposure To Loss Category [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_MaximumExposureToLossCategoryDomain" xlink:to="gs_MaximumExposureToLossCategoryDomain_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_MaximumMember" xlink:label="us-gaap_MaximumMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MaximumMember_lbl" xml:lang="en-US" id="id_8104553_2033371_1_1"> Maximum [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_MaximumMember_lbl" xml:lang="en-US" id="id_8104553_2033371_2_1"> Maximum [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MaximumMember" xlink:to="us-gaap_MaximumMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_MaximumPayoutNotionalAmountOfPurchasedCreditDerivatives" xlink:label="gs_MaximumPayoutNotionalAmountOfPurchasedCreditDerivatives"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_MaximumPayoutNotionalAmountOfPurchasedCreditDerivatives_lbl" xml:lang="en-US" id="id_8104553_2101341_3_1"> Maximum payout/notional amount of purchased credit derivatives. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_MaximumPayoutNotionalAmountOfPurchasedCreditDerivatives_lbl" xml:lang="en-US" id="id_8104553_2101341_1_1"> Maximum Payout Notional Amount Of Purchased Credit Derivatives </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_MaximumPayoutNotionalAmountOfPurchasedCreditDerivatives_lbl" xml:lang="en-US" id="id_8104553_2101341_2_1"> Maximum Payout/Notional Amount of Purchased Credit Derivatives </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_MaximumPayoutNotionalAmountOfPurchasedCreditDerivatives" xlink:to="gs_MaximumPayoutNotionalAmountOfPurchasedCreditDerivatives_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_MaximumProtectionOnAdditionalLossesOnLoanCommitments" xlink:label="gs_MaximumProtectionOnAdditionalLossesOnLoanCommitments"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_MaximumProtectionOnAdditionalLossesOnLoanCommitments_lbl" xml:lang="en-US" id="id_8104553_2090980_3_1"> Maximum protection provided by Sumitomo Mitsui Financial Group, Inc. (SMFG) for additional losses realized on approved loan commitments. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_MaximumProtectionOnAdditionalLossesOnLoanCommitments_lbl" xml:lang="en-US" id="id_8104553_2090980_1_1"> Maximum Protection On Additional Losses On Loan Commitments </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_MaximumProtectionOnAdditionalLossesOnLoanCommitments_lbl" xml:lang="en-US" id="id_8104553_2090980_2_1"> Maximum protection on additional losses on loan commitments provided by SMFG </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_MaximumProtectionOnAdditionalLossesOnLoanCommitments" xlink:to="gs_MaximumProtectionOnAdditionalLossesOnLoanCommitments_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_May2013CommonStockOfferingMember" xlink:label="gs_May2013CommonStockOfferingMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_May2013CommonStockOfferingMember_lbl" xml:lang="en-US" id="id_8104553_2304886_3_1"> May 2013 Common Stock Offering [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_May2013CommonStockOfferingMember_lbl" xml:lang="en-US" id="id_8104553_2304886_1_1"> May 2013 Common Stock Offering [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_May2013CommonStockOfferingMember_lbl" xml:lang="en-US" id="id_8104553_2304886_2_1"> May 2013 Common Stock Offering [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_May2013CommonStockOfferingMember" xlink:to="gs_May2013CommonStockOfferingMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_May2014ConvertibleNotesOfferingMember" xlink:label="gs_May2014ConvertibleNotesOfferingMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_May2014ConvertibleNotesOfferingMember_lbl" xml:lang="en-US" id="id_8104553_2259205_3_1"> May 2014 Convertible Notes Offering [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_May2014ConvertibleNotesOfferingMember_lbl" xml:lang="en-US" id="id_8104553_2259205_1_1"> May 2014 Convertible Notes Offering [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_May2014ConvertibleNotesOfferingMember_lbl" xml:lang="en-US" id="id_8104553_2259205_2_1"> May 2014 Convertible Notes Offering [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_May2014ConvertibleNotesOfferingMember" xlink:to="gs_May2014ConvertibleNotesOfferingMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_MedianMember" xlink:label="gs_MedianMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_MedianMember_lbl" xml:lang="en-US" id="id_8104553_2343849_3_1"> Median of the input. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_MedianMember_lbl" xml:lang="en-US" id="id_8104553_2343849_1_1"> Median [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_MedianMember_lbl" xml:lang="en-US" id="id_8104553_2343849_2_1"> Median [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_MedianMember" xlink:to="gs_MedianMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_MinimumCapitalRatioApplicableToAdvancedApproachBankingInstitutions" xlink:label="gs_MinimumCapitalRatioApplicableToAdvancedApproachBankingInstitutions"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_MinimumCapitalRatioApplicableToAdvancedApproachBankingInstitutions_lbl" xml:lang="en-US" id="id_8104553_2164357_3_1"> Minimum capital ratio applicable to advanced approach banking institutions. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_MinimumCapitalRatioApplicableToAdvancedApproachBankingInstitutions_lbl" xml:lang="en-US" id="id_8104553_2164357_1_1"> Minimum Capital Ratio Applicable To Advanced Approach Banking Institutions </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_MinimumCapitalRatioApplicableToAdvancedApproachBankingInstitutions_lbl" xml:lang="en-US" id="id_8104553_2164357_2_1"> Minimum Total capital ratio applicable to advanced approach banking institutions </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_MinimumCapitalRatioApplicableToAdvancedApproachBankingInstitutions" xlink:to="gs_MinimumCapitalRatioApplicableToAdvancedApproachBankingInstitutions_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_MinimumCetOneRatioApplicableToAdvancedApproachBankingInstitutions" xlink:label="gs_MinimumCetOneRatioApplicableToAdvancedApproachBankingInstitutions"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_MinimumCetOneRatioApplicableToAdvancedApproachBankingInstitutions_lbl" xml:lang="en-US" id="id_8104553_2245279_3_1"> Minimum CET1 ratio effective January 2014 applicable to advanced approach banking institutions. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_MinimumCetOneRatioApplicableToAdvancedApproachBankingInstitutions_lbl" xml:lang="en-US" id="id_8104553_2245279_1_1"> Minimum Cet One Ratio Applicable To Advanced Approach Banking Institutions </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_MinimumCetOneRatioApplicableToAdvancedApproachBankingInstitutions_lbl" xml:lang="en-US" id="id_8104553_2245279_2_1"> CET1 ratio </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="gs_MinimumCetOneRatioApplicableToAdvancedApproachBankingInstitutions_lbl" xml:lang="en-US" id="id_8104553_2245279_12_1"> Minimum CET1 ratio applicable to advanced approach banking institutions </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_MinimumCetOneRatioApplicableToAdvancedApproachBankingInstitutions" xlink:to="gs_MinimumCetOneRatioApplicableToAdvancedApproachBankingInstitutions_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_MinimumMember" xlink:label="us-gaap_MinimumMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MinimumMember_lbl" xml:lang="en-US" id="id_8104553_2030148_1_1"> Minimum [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_MinimumMember_lbl" xml:lang="en-US" id="id_8104553_2030148_2_1"> Minimum [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MinimumMember" xlink:to="us-gaap_MinimumMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_MinimumNetCapitalRequiredForBrokerDealerSubsidiary1" xlink:label="us-gaap_MinimumNetCapitalRequiredForBrokerDealerSubsidiary1"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MinimumNetCapitalRequiredForBrokerDealerSubsidiary1_lbl" xml:lang="en-US" id="id_8104553_2028851_1_1"> Minimum Net Capital Required for Broker-Dealer Subsidiary </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_MinimumNetCapitalRequiredForBrokerDealerSubsidiary1_lbl" xml:lang="en-US" id="id_8104553_2028851_2_1"> Amount of broker-dealer net capital required to be held in accordance with Appendix E of Rule 15c3-1 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MinimumNetCapitalRequiredForBrokerDealerSubsidiary1" xlink:to="us-gaap_MinimumNetCapitalRequiredForBrokerDealerSubsidiary1_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_MinimumRedemptionOrPurchasePriceRequired" xlink:label="gs_MinimumRedemptionOrPurchasePriceRequired"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_MinimumRedemptionOrPurchasePriceRequired_lbl" xml:lang="en-US" id="id_8104553_2398892_3_1"> Minimum redemption or purchase price required. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_MinimumRedemptionOrPurchasePriceRequired_lbl" xml:lang="en-US" id="id_8104553_2398892_1_1"> Minimum Redemption or Purchase Price Required </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_MinimumRedemptionOrPurchasePriceRequired_lbl" xml:lang="en-US" id="id_8104553_2398892_2_1"> Minimum redemption or purchase price required </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_MinimumRedemptionOrPurchasePriceRequired" xlink:to="gs_MinimumRedemptionOrPurchasePriceRequired_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_MinimumTentativeNetCapitalRequiredToBeMaintainedOrMustNotifyAuthority" xlink:label="gs_MinimumTentativeNetCapitalRequiredToBeMaintainedOrMustNotifyAuthority"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_MinimumTentativeNetCapitalRequiredToBeMaintainedOrMustNotifyAuthority_lbl" xml:lang="en-US" id="id_8104553_2109355_3_1"> Minimum tentative net capital required to be maintained or must notify the SEC. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_MinimumTentativeNetCapitalRequiredToBeMaintainedOrMustNotifyAuthority_lbl" xml:lang="en-US" id="id_8104553_2109355_1_1"> Minimum Tentative Net Capital Required To Be Maintained Or Must Notify Authority </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_MinimumTentativeNetCapitalRequiredToBeMaintainedOrMustNotifyAuthority_lbl" xml:lang="en-US" id="id_8104553_2109355_2_1"> Minimum tentative net capital required to be maintained by GS&Co or must notify the SEC </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_MinimumTentativeNetCapitalRequiredToBeMaintainedOrMustNotifyAuthority" xlink:to="gs_MinimumTentativeNetCapitalRequiredToBeMaintainedOrMustNotifyAuthority_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_MinimumTierOneCapitalRatioApplicableToAdvancedApproachBankingInstitutions" xlink:label="gs_MinimumTierOneCapitalRatioApplicableToAdvancedApproachBankingInstitutions"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_MinimumTierOneCapitalRatioApplicableToAdvancedApproachBankingInstitutions_lbl" xml:lang="en-US" id="id_8104553_2205931_3_1"> Minimum Tier One capital ratio applicable to advanced approach banking institutions. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_MinimumTierOneCapitalRatioApplicableToAdvancedApproachBankingInstitutions_lbl" xml:lang="en-US" id="id_8104553_2205931_1_1"> Minimum Tier One Capital Ratio Applicable To Advanced Approach Banking Institutions </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_MinimumTierOneCapitalRatioApplicableToAdvancedApproachBankingInstitutions_lbl" xml:lang="en-US" id="id_8104553_2205931_2_1"> Minimum Tier 1 capital ratio applicable to advanced approach banking institutions </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_MinimumTierOneCapitalRatioApplicableToAdvancedApproachBankingInstitutions" xlink:to="gs_MinimumTierOneCapitalRatioApplicableToAdvancedApproachBankingInstitutions_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_MinimumTierOneLeverageRatioApplicableToAdvancedApproachBankingInstitutions" xlink:label="gs_MinimumTierOneLeverageRatioApplicableToAdvancedApproachBankingInstitutions"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_MinimumTierOneLeverageRatioApplicableToAdvancedApproachBankingInstitutions_lbl" xml:lang="en-US" id="id_8104553_2217542_3_1"> Minimum Tier One leverage ratio applicable to advanced approach banking institutions. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_MinimumTierOneLeverageRatioApplicableToAdvancedApproachBankingInstitutions_lbl" xml:lang="en-US" id="id_8104553_2217542_1_1"> Minimum Tier One Leverage Ratio Applicable To Advanced Approach Banking Institutions </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_MinimumTierOneLeverageRatioApplicableToAdvancedApproachBankingInstitutions_lbl" xml:lang="en-US" id="id_8104553_2217542_2_1"> Minimum Tier 1 leverage ratio applicable to advanced approach banking institutions </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_MinimumTierOneLeverageRatioApplicableToAdvancedApproachBankingInstitutions" xlink:to="gs_MinimumTierOneLeverageRatioApplicableToAdvancedApproachBankingInstitutions_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember" xlink:label="us-gaap_MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember_lbl" xml:lang="en-US" id="id_8104553_2031012_1_1"> Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember_lbl" xml:lang="en-US" id="id_8104553_2031012_2_1"> U.S. Government Agency-Issued Collateralized Mortgage Obligations [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember" xlink:to="us-gaap_MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_MortgageBackedSecuritiesMember" xlink:label="us-gaap_MortgageBackedSecuritiesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MortgageBackedSecuritiesMember_lbl" xml:lang="en-US" id="id_8104553_2033617_1_1"> Collateralized Mortgage Backed Securities [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_MortgageBackedSecuritiesMember_lbl" xml:lang="en-US" id="id_8104553_2033617_2_1"> Mortgage-Backed Securities [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MortgageBackedSecuritiesMember" xlink:to="us-gaap_MortgageBackedSecuritiesMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_MortgageRelatedMattersMember" xlink:label="gs_MortgageRelatedMattersMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_MortgageRelatedMattersMember_lbl" xml:lang="en-US" id="id_8104553_2255838_3_1"> Mortgage related matters. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_MortgageRelatedMattersMember_lbl" xml:lang="en-US" id="id_8104553_2255838_1_1"> Mortgage Related Matters [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_MortgageRelatedMattersMember_lbl" xml:lang="en-US" id="id_8104553_2255838_2_1"> Mortgage Related Matters [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_MortgageRelatedMattersMember" xlink:to="gs_MortgageRelatedMattersMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NaturalGasReservesMember" xlink:label="us-gaap_NaturalGasReservesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NaturalGasReservesMember_lbl" xml:lang="en-US" id="id_8104553_2032107_1_1"> Natural Gas [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_NaturalGasReservesMember_lbl" xml:lang="en-US" id="id_8104553_2032107_2_1"> Natural Gas [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NaturalGasReservesMember" xlink:to="us-gaap_NaturalGasReservesMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NatureOfOperations" xlink:label="us-gaap_NatureOfOperations"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NatureOfOperations_lbl" xml:lang="en-US" id="id_8104553_2034374_1_1"> Nature of Operations [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_NatureOfOperations_lbl" xml:lang="en-US" id="id_8104553_2034374_2_1"> Description of Business </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NatureOfOperations" xlink:to="us-gaap_NatureOfOperations_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_NetAssetRelatedToOtherContinuingInvolvement" xlink:label="gs_NetAssetRelatedToOtherContinuingInvolvement"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_NetAssetRelatedToOtherContinuingInvolvement_lbl" xml:lang="en-US" id="id_8104553_2198928_3_1"> The firm's net asset due to its other continuing involvement in the form of derivative transactions and commitments with certain non-consolidated VIEs. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_NetAssetRelatedToOtherContinuingInvolvement_lbl" xml:lang="en-US" id="id_8104553_2198928_1_1"> Net Asset Related To Other Continuing Involvement </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_NetAssetRelatedToOtherContinuingInvolvement_lbl" xml:lang="en-US" id="id_8104553_2198928_2_1"> Net Asset related to Other Continuing Involvement </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_NetAssetRelatedToOtherContinuingInvolvement" xlink:to="gs_NetAssetRelatedToOtherContinuingInvolvement_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations_lbl" xml:lang="en-US" id="id_8104553_2032942_1_1"> Net Cash Provided by (Used in) Financing Activities, Continuing Operations </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations_lbl" xml:lang="en-US" id="id_8104553_2032942_6_1"> Net cash provided by financing activities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations" xlink:to="us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract_lbl" xml:lang="en-US" id="id_8104553_2033388_1_1"> Net Cash Provided by (Used in) Financing Activities, Continuing Operations [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract_lbl" xml:lang="en-US" id="id_8104553_2033388_2_1"> Cash flows from financing activities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract" xlink:to="us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations_lbl" xml:lang="en-US" id="id_8104553_2030371_1_1"> Net Cash Provided by (Used in) Investing Activities, Continuing Operations </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations_lbl" xml:lang="en-US" id="id_8104553_2030371_6_1"> Net cash provided by/(used for) investing activities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations" xlink:to="us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_lbl" xml:lang="en-US" id="id_8104553_2030817_1_1"> Net Cash Provided by (Used in) Investing Activities, Continuing Operations [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_lbl" xml:lang="en-US" id="id_8104553_2030817_2_1"> Cash flows from investing activities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract" xlink:to="us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xml:lang="en-US" id="id_8104553_2030818_1_1"> Net Cash Provided by (Used in) Operating Activities [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xml:lang="en-US" id="id_8104553_2030818_2_1"> Cash flows from operating activities </label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations_lbl" xml:lang="en-US" id="id_8104553_2034376_1_1"> Net Cash Provided by (Used in) Operating Activities, Continuing Operations </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations_lbl" xml:lang="en-US" id="id_8104553_2034376_6_1"> Net cash provided by operating activities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations" xlink:to="us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NetIncomeLoss" xlink:label="us-gaap_NetIncomeLoss"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetIncomeLoss_lbl" xml:lang="en-US" id="id_8104553_2030161_1_1"> Net Income (Loss) Attributable to Parent </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_NetIncomeLoss_lbl" xml:lang="en-US" id="id_8104553_2030161_2_1"> Net earnings </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_NetIncomeLoss_lbl" xml:lang="en-US" id="id_8104553_2030161_6_1"> Net earnings </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetIncomeLoss" xlink:to="us-gaap_NetIncomeLoss_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic" xlink:label="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_lbl" xml:lang="en-US" id="id_8104553_2032110_1_1"> Net Income (Loss) Available to Common Stockholders, Basic </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_lbl" xml:lang="en-US" id="id_8104553_2032110_2_1"> Net earnings applicable to common shareholders </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_lbl" xml:lang="en-US" id="id_8104553_2032110_6_1"> Net earnings applicable to common shareholders </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic" xlink:to="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_NetInterestIncomeTableTextBlock" xlink:label="gs_NetInterestIncomeTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_NetInterestIncomeTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2341216_3_1"> Net interest income. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_NetInterestIncomeTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2341216_1_1"> Net Interest Income Table [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_NetInterestIncomeTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2341216_2_1"> Net Interest Income </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_NetInterestIncomeTableTextBlock" xlink:to="gs_NetInterestIncomeTableTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NetInvestmentHedgingMember" xlink:label="us-gaap_NetInvestmentHedgingMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetInvestmentHedgingMember_lbl" xml:lang="en-US" id="id_8104553_2034742_1_1"> Net Investment Hedging [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_NetInvestmentHedgingMember_lbl" xml:lang="en-US" id="id_8104553_2034742_2_1"> Net Investment Hedging [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetInvestmentHedgingMember" xlink:to="us-gaap_NetInvestmentHedgingMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_NetPurchasedProtectionNotionalValueOfCreditDerivatives" xlink:label="gs_NetPurchasedProtectionNotionalValueOfCreditDerivatives"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_NetPurchasedProtectionNotionalValueOfCreditDerivatives_lbl" xml:lang="en-US" id="id_8104553_2308614_3_1"> Net purchased protection notional value of credit derivatives. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_NetPurchasedProtectionNotionalValueOfCreditDerivatives_lbl" xml:lang="en-US" id="id_8104553_2308614_1_1"> Net Purchased Protection Notional Value Of Credit Derivatives </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_NetPurchasedProtectionNotionalValueOfCreditDerivatives_lbl" xml:lang="en-US" id="id_8104553_2308614_2_1"> Net purchased protection notional value of credit derivatives </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_NetPurchasedProtectionNotionalValueOfCreditDerivatives" xlink:to="gs_NetPurchasedProtectionNotionalValueOfCreditDerivatives_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_NetRevenuesAndPreTaxEarningsForEachGeographicRegionTableTextBlock" xlink:label="gs_NetRevenuesAndPreTaxEarningsForEachGeographicRegionTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_NetRevenuesAndPreTaxEarningsForEachGeographicRegionTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2119935_3_1"> Net revenues and pre tax earnings for each geographic region. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_NetRevenuesAndPreTaxEarningsForEachGeographicRegionTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2119935_1_1"> Net Revenues And Pre Tax Earnings For Each Geographic Region Table [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_NetRevenuesAndPreTaxEarningsForEachGeographicRegionTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2119935_2_1"> Net Revenues, Pre-Tax Earnings and Net Earnings for Each Geographic Region </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_NetRevenuesAndPreTaxEarningsForEachGeographicRegionTableTextBlock" xlink:to="gs_NetRevenuesAndPreTaxEarningsForEachGeographicRegionTableTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOnBalanceSheet" xlink:label="gs_NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOnBalanceSheet"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOnBalanceSheet_lbl" xml:lang="en-US" id="id_8104553_2307527_3_1"> New accounting pronouncement or change in accounting principle, effect of change on balance sheet. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOnBalanceSheet_lbl" xml:lang="en-US" id="id_8104553_2307527_1_1"> New Accounting Pronouncement or Change in Accounting Principle, Effect on Balance Sheet </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOnBalanceSheet_lbl" xml:lang="en-US" id="id_8104553_2307527_2_1"> Impact of adoption of accounting standards </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOnBalanceSheet" xlink:to="gs_NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOnBalanceSheet_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_NonCompensationExpenses" xlink:label="gs_NonCompensationExpenses"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_NonCompensationExpenses_lbl" xml:lang="en-US" id="id_8104553_2208896_3_1"> Total non-compensation expenses. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_NonCompensationExpenses_lbl" xml:lang="en-US" id="id_8104553_2208896_1_1"> Non Compensation Expenses </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="gs_NonCompensationExpenses_lbl" xml:lang="en-US" id="id_8104553_2208896_6_1"> Total non-compensation expenses </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_NonCompensationExpenses" xlink:to="gs_NonCompensationExpenses_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_NonConsolidatedVariableInterestEntitiesTableTextBlock" xlink:label="gs_NonConsolidatedVariableInterestEntitiesTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_NonConsolidatedVariableInterestEntitiesTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2042376_3_1"> Non-consolidated variable interest entities. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_NonConsolidatedVariableInterestEntitiesTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2042376_1_1"> Non Consolidated Variable Interest Entities [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_NonConsolidatedVariableInterestEntitiesTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2042376_2_1"> Nonconsolidated Variable Interest Entities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_NonConsolidatedVariableInterestEntitiesTableTextBlock" xlink:to="gs_NonConsolidatedVariableInterestEntitiesTableTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_NoncontrollingInterests" xlink:label="gs_NoncontrollingInterests"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_NoncontrollingInterests_lbl" xml:lang="en-US" id="id_8104553_2085750_3_1"> This element represents that portion of equity (net assets) in a subsidiary not attributable, directly or indirectly, to the parent. A noncontrolling interest is sometimes called a minority interest. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_NoncontrollingInterests_lbl" xml:lang="en-US" id="id_8104553_2085750_1_1"> Noncontrolling Interests </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_NoncontrollingInterests_lbl" xml:lang="en-US" id="id_8104553_2085750_2_1"> Noncontrolling interests </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_NoncontrollingInterests" xlink:to="gs_NoncontrollingInterests_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NondesignatedMember" xlink:label="us-gaap_NondesignatedMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NondesignatedMember_lbl" xml:lang="en-US" id="id_8104553_2032948_1_1"> Not Designated as Hedging Instrument [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_NondesignatedMember_lbl" xml:lang="en-US" id="id_8104553_2032948_2_1"> Derivative Contract not Designated as Hedges [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NondesignatedMember" xlink:to="us-gaap_NondesignatedMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NoninterestExpense" xlink:label="us-gaap_NoninterestExpense"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NoninterestExpense_lbl" xml:lang="en-US" id="id_8104553_2031889_1_1"> Noninterest Expense </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_NoninterestExpense_lbl" xml:lang="en-US" id="id_8104553_2031889_2_1"> Operating expenses </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_NoninterestExpense_lbl" xml:lang="en-US" id="id_8104553_2031889_6_1"> Total operating expenses </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NoninterestExpense" xlink:to="us-gaap_NoninterestExpense_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NoninterestExpenseAbstract" xlink:label="us-gaap_NoninterestExpenseAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NoninterestExpenseAbstract_lbl" xml:lang="en-US" id="id_8104553_2032523_1_1"> Noninterest Expense [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_NoninterestExpenseAbstract_lbl" xml:lang="en-US" id="id_8104553_2032523_2_1"> Operating expenses </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NoninterestExpenseAbstract" xlink:to="us-gaap_NoninterestExpenseAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NoninterestIncome" xlink:label="us-gaap_NoninterestIncome"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NoninterestIncome_lbl" xml:lang="en-US" id="id_8104553_2034390_1_1"> Noninterest Income </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_NoninterestIncome_lbl" xml:lang="en-US" id="id_8104553_2034390_6_1"> Total non-interest revenues </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NoninterestIncome" xlink:to="us-gaap_NoninterestIncome_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_NonInvestmentGradeCommercialLendingMember" xlink:label="gs_NonInvestmentGradeCommercialLendingMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_NonInvestmentGradeCommercialLendingMember_lbl" xml:lang="en-US" id="id_8104553_2309996_3_1"> Non Investment Grade Commercial Lending [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_NonInvestmentGradeCommercialLendingMember_lbl" xml:lang="en-US" id="id_8104553_2309996_1_1"> Non Investment Grade Commercial Lending [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_NonInvestmentGradeCommercialLendingMember_lbl" xml:lang="en-US" id="id_8104553_2309996_2_1"> Non Investment Grade Commercial Lending [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_NonInvestmentGradeCommercialLendingMember" xlink:to="gs_NonInvestmentGradeCommercialLendingMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NonRecourseDebt" xlink:label="us-gaap_NonRecourseDebt"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NonRecourseDebt_lbl" xml:lang="en-US" id="id_8104553_2030171_1_1"> Non-Recourse Debt </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_NonRecourseDebt_lbl" xml:lang="en-US" id="id_8104553_2030171_2_1"> Nonrecourse obligations included in other secured financings </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NonRecourseDebt" xlink:to="us-gaap_NonRecourseDebt_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_NonUSDollarMember" xlink:label="gs_NonUSDollarMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_NonUSDollarMember_lbl" xml:lang="en-US" id="id_8104553_2329348_3_1"> Non-U.S. Dollar. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_NonUSDollarMember_lbl" xml:lang="en-US" id="id_8104553_2329348_1_1"> Non U S Dollar [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_NonUSDollarMember_lbl" xml:lang="en-US" id="id_8104553_2329348_2_1"> Non-U.S. Dollar [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_NonUSDollarMember" xlink:to="gs_NonUSDollarMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_NonUSGovernmentAndAgencyObligationsHeldByFirmMember" xlink:label="gs_NonUSGovernmentAndAgencyObligationsHeldByFirmMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_NonUSGovernmentAndAgencyObligationsHeldByFirmMember_lbl" xml:lang="en-US" id="id_8104553_2296480_3_1"> Non-U.S. Government and Agency Obligations held by The Firm. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_NonUSGovernmentAndAgencyObligationsHeldByFirmMember_lbl" xml:lang="en-US" id="id_8104553_2296480_1_1"> Non U S Government And Agency Obligations Held By Firm [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_NonUSGovernmentAndAgencyObligationsHeldByFirmMember_lbl" xml:lang="en-US" id="id_8104553_2296480_2_1"> Non-U.S. Government and Agency Obligations Held By The Firm [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_NonUSGovernmentAndAgencyObligationsHeldByFirmMember" xlink:to="gs_NonUSGovernmentAndAgencyObligationsHeldByFirmMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_NonUSGovernmentAndAgencyObligationsThatCollateralizeSecuritiesPurchasedUnderAgreementsToResellAndSecuritiesBorrowedMember" xlink:label="gs_NonUSGovernmentAndAgencyObligationsThatCollateralizeSecuritiesPurchasedUnderAgreementsToResellAndSecuritiesBorrowedMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_NonUSGovernmentAndAgencyObligationsThatCollateralizeSecuritiesPurchasedUnderAgreementsToResellAndSecuritiesBorrowedMember_lbl" xml:lang="en-US" id="id_8104553_2123073_3_1"> Non-U.S. Government and Agency Obligations that collateralize securities purchased under agreements to resell and securities borrowed. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_NonUSGovernmentAndAgencyObligationsThatCollateralizeSecuritiesPurchasedUnderAgreementsToResellAndSecuritiesBorrowedMember_lbl" xml:lang="en-US" id="id_8104553_2123073_1_1"> Non U S Government And Agency Obligations That Collateralize Securities Purchased Under Agreements To Resell And Securities Borrowed [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_NonUSGovernmentAndAgencyObligationsThatCollateralizeSecuritiesPurchasedUnderAgreementsToResellAndSecuritiesBorrowedMember_lbl" xml:lang="en-US" id="id_8104553_2123073_2_1"> Non-U.S. Government and Agency Obligations that Collateralize Securities Purchased Under Agreements to Resell and Securities Borrowed [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_NonUSGovernmentAndAgencyObligationsThatCollateralizeSecuritiesPurchasedUnderAgreementsToResellAndSecuritiesBorrowedMember" xlink:to="gs_NonUSGovernmentAndAgencyObligationsThatCollateralizeSecuritiesPurchasedUnderAgreementsToResellAndSecuritiesBorrowedMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_NonvotingCommonStock" xlink:label="gs_NonvotingCommonStock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_NonvotingCommonStock_lbl" xml:lang="en-US" id="id_8104553_2302248_3_1"> Value of nonvoting common stock that may be calculated differently depending on whether the stock is issued at par value, no par or stated value. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_NonvotingCommonStock_lbl" xml:lang="en-US" id="id_8104553_2302248_1_1"> Nonvoting Common Stock </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_NonvotingCommonStock_lbl" xml:lang="en-US" id="id_8104553_2302248_2_1"> Nonvoting common stock, par value $0.01 per share; 200,000,000 shares authorized, no shares issued and outstanding </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_NonvotingCommonStock" xlink:to="gs_NonvotingCommonStock_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_NonvotingCommonStockParValue" xlink:label="gs_NonvotingCommonStockParValue"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_NonvotingCommonStockParValue_lbl" xml:lang="en-US" id="id_8104553_2337684_3_1"> Face amount or stated value of non voting common stock, per share. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_NonvotingCommonStockParValue_lbl" xml:lang="en-US" id="id_8104553_2337684_1_1"> Nonvoting Common Stock Par Value </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_NonvotingCommonStockParValue_lbl" xml:lang="en-US" id="id_8104553_2337684_2_1"> Nonvoting common stock, par value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_NonvotingCommonStockParValue" xlink:to="gs_NonvotingCommonStockParValue_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_NonvotingSharesAuthorized" xlink:label="gs_NonvotingSharesAuthorized"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_NonvotingSharesAuthorized_lbl" xml:lang="en-US" id="id_8104553_2323644_3_1"> The maximum number of non voting common shares permitted to be issued by an entity's charter and bylaws. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_NonvotingSharesAuthorized_lbl" xml:lang="en-US" id="id_8104553_2323644_1_1"> Nonvoting Shares Authorized </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_NonvotingSharesAuthorized_lbl" xml:lang="en-US" id="id_8104553_2323644_2_1"> Nonvoting common stock, shares authorized </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_NonvotingSharesAuthorized" xlink:to="gs_NonvotingSharesAuthorized_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_NotionalAmountOfLoanCommitmentsWhichAreProtectedAgainstCreditLoss" xlink:label="gs_NotionalAmountOfLoanCommitmentsWhichAreProtectedAgainstCreditLoss"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_NotionalAmountOfLoanCommitmentsWhichAreProtectedAgainstCreditLoss_lbl" xml:lang="en-US" id="id_8104553_2166479_3_1"> Notional amount of loan commitments which are protected by SMFG against credit loss. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_NotionalAmountOfLoanCommitmentsWhichAreProtectedAgainstCreditLoss_lbl" xml:lang="en-US" id="id_8104553_2166479_1_1"> Notional Amount Of Loan Commitments Which Are Protected Against Credit Loss </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_NotionalAmountOfLoanCommitmentsWhichAreProtectedAgainstCreditLoss_lbl" xml:lang="en-US" id="id_8104553_2166479_2_1"> Notional amount of loan commitments which are protected by SMFG against credit loss </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_NotionalAmountOfLoanCommitmentsWhichAreProtectedAgainstCreditLoss" xlink:to="gs_NotionalAmountOfLoanCommitmentsWhichAreProtectedAgainstCreditLoss_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NumberOfOperatingSegments" xlink:label="us-gaap_NumberOfOperatingSegments"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NumberOfOperatingSegments_lbl" xml:lang="en-US" id="id_8104553_2041010_1_1"> Number of Operating Segments </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_NumberOfOperatingSegments_lbl" xml:lang="en-US" id="id_8104553_2041010_2_1"> Number of business segments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NumberOfOperatingSegments" xlink:to="us-gaap_NumberOfOperatingSegments_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OccupancyNet" xlink:label="us-gaap_OccupancyNet"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OccupancyNet_lbl" xml:lang="en-US" id="id_8104553_2031033_1_1"> Occupancy, Net </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OccupancyNet_lbl" xml:lang="en-US" id="id_8104553_2031033_2_1"> Occupancy </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OccupancyNet" xlink:to="us-gaap_OccupancyNet_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OffsettingAbstract" xlink:label="us-gaap_OffsettingAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OffsettingAbstract_lbl" xml:lang="en-US" id="id_8104553_2041012_1_1"> Offsetting [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OffsettingAbstract_lbl" xml:lang="en-US" id="id_8104553_2041012_2_1"> Offsetting [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OffsettingAbstract" xlink:to="us-gaap_OffsettingAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_OffSettingAssetsAndLiabilitiesPolicyTextBlock" xlink:label="gs_OffSettingAssetsAndLiabilitiesPolicyTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_OffSettingAssetsAndLiabilitiesPolicyTextBlock_lbl" xml:lang="en-US" id="id_8104553_2113943_3_1"> Offsetting assets and liabilities. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_OffSettingAssetsAndLiabilitiesPolicyTextBlock_lbl" xml:lang="en-US" id="id_8104553_2113943_1_1"> Off Setting Assets And Liabilities Policy Text Block </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_OffSettingAssetsAndLiabilitiesPolicyTextBlock_lbl" xml:lang="en-US" id="id_8104553_2113943_2_1"> Offsetting Assets and Liabilities, Policy </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_OffSettingAssetsAndLiabilitiesPolicyTextBlock" xlink:to="gs_OffSettingAssetsAndLiabilitiesPolicyTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OffsettingLiabilitiesLineItems" xlink:label="us-gaap_OffsettingLiabilitiesLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OffsettingLiabilitiesLineItems_lbl" xml:lang="en-US" id="id_8104553_2029060_1_1"> Offsetting Liabilities [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OffsettingLiabilitiesLineItems_lbl" xml:lang="en-US" id="id_8104553_2029060_2_1"> Offsetting Liabilities [Line Items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OffsettingLiabilitiesLineItems" xlink:to="us-gaap_OffsettingLiabilitiesLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OffsettingLiabilitiesTable" xlink:label="us-gaap_OffsettingLiabilitiesTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OffsettingLiabilitiesTable_lbl" xml:lang="en-US" id="id_8104553_2034977_1_1"> Offsetting Liabilities [Table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OffsettingLiabilitiesTable_lbl" xml:lang="en-US" id="id_8104553_2034977_2_1"> Offsetting Liabilities [Table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OffsettingLiabilitiesTable" xlink:to="us-gaap_OffsettingLiabilitiesTable_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_OffsettingPurchasedCreditDerivativesMember" xlink:label="gs_OffsettingPurchasedCreditDerivativesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_OffsettingPurchasedCreditDerivativesMember_lbl" xml:lang="en-US" id="id_8104553_2360095_3_1"> Offsetting Purchased Credit Derivatives [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_OffsettingPurchasedCreditDerivativesMember_lbl" xml:lang="en-US" id="id_8104553_2360095_1_1"> Offsetting Purchased Credit Derivatives [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_OffsettingPurchasedCreditDerivativesMember_lbl" xml:lang="en-US" id="id_8104553_2360095_2_1"> Offsetting Purchased Credit Derivatives [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_OffsettingPurchasedCreditDerivativesMember" xlink:to="gs_OffsettingPurchasedCreditDerivativesMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OilReservesMember" xlink:label="us-gaap_OilReservesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OilReservesMember_lbl" xml:lang="en-US" id="id_8104553_2031251_1_1"> Oil [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OilReservesMember_lbl" xml:lang="en-US" id="id_8104553_2031251_2_1"> Oil [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OilReservesMember" xlink:to="us-gaap_OilReservesMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_OneNotchReductionMember" xlink:label="gs_OneNotchReductionMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_OneNotchReductionMember_lbl" xml:lang="en-US" id="id_8104553_2138541_3_1"> One-notch reduction [Member]. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_OneNotchReductionMember_lbl" xml:lang="en-US" id="id_8104553_2138541_1_1"> One Notch Reduction [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_OneNotchReductionMember_lbl" xml:lang="en-US" id="id_8104553_2138541_2_1"> One-Notch Reduction [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_OneNotchReductionMember" xlink:to="gs_OneNotchReductionMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_OnlineDepositAccountsAndCertificatesOfDepositMember" xlink:label="gs_OnlineDepositAccountsAndCertificatesOfDepositMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_OnlineDepositAccountsAndCertificatesOfDepositMember_lbl" xml:lang="en-US" id="id_8104553_2386764_3_1"> Online Deposit Accounts and Certificates of Deposit [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_OnlineDepositAccountsAndCertificatesOfDepositMember_lbl" xml:lang="en-US" id="id_8104553_2386764_1_1"> Online Deposit Accounts and Certificates of Deposit [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_OnlineDepositAccountsAndCertificatesOfDepositMember_lbl" xml:lang="en-US" id="id_8104553_2386764_2_1"> Online Deposit Accounts and Certificates of Deposit [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_OnlineDepositAccountsAndCertificatesOfDepositMember" xlink:to="gs_OnlineDepositAccountsAndCertificatesOfDepositMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OpenTaxYear" xlink:label="us-gaap_OpenTaxYear"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OpenTaxYear_lbl" xml:lang="en-US" id="id_8104553_2028197_1_1"> Open Tax Year </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OpenTaxYear_lbl" xml:lang="en-US" id="id_8104553_2028197_2_1"> Open tax years by major tax jurisdiction </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OpenTaxYear" xlink:to="us-gaap_OpenTaxYear_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDue" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDue"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDue_lbl" xml:lang="en-US" id="id_8104553_2028198_1_1"> Operating Leases, Future Minimum Payments Due </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDue_lbl" xml:lang="en-US" id="id_8104553_2028198_6_1"> Total </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsDue" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsDue_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_OperatingLeasesFutureMinimumPaymentsDueAfterTheSixthFiscalYearFollowingTheLatestFiscalYear" xlink:label="gs_OperatingLeasesFutureMinimumPaymentsDueAfterTheSixthFiscalYearFollowingTheLatestFiscalYear"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_OperatingLeasesFutureMinimumPaymentsDueAfterTheSixthFiscalYearFollowingTheLatestFiscalYear_lbl" xml:lang="en-US" id="id_8104553_2354302_3_1"> Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due after the sixth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_OperatingLeasesFutureMinimumPaymentsDueAfterTheSixthFiscalYearFollowingTheLatestFiscalYear_lbl" xml:lang="en-US" id="id_8104553_2354302_1_1"> Operating Leases Future Minimum Payments Due After The Sixth Fiscal Year Following The Latest Fiscal Year </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_OperatingLeasesFutureMinimumPaymentsDueAfterTheSixthFiscalYearFollowingTheLatestFiscalYear_lbl" xml:lang="en-US" id="id_8104553_2354302_2_1"> 2022 - thereafter </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_OperatingLeasesFutureMinimumPaymentsDueAfterTheSixthFiscalYearFollowingTheLatestFiscalYear" xlink:to="gs_OperatingLeasesFutureMinimumPaymentsDueAfterTheSixthFiscalYearFollowingTheLatestFiscalYear_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFiveYears" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFiveYears"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFiveYears_lbl" xml:lang="en-US" id="id_8104553_2028693_1_1"> Operating Leases, Future Minimum Payments, Due in Five Years </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFiveYears_lbl" xml:lang="en-US" id="id_8104553_2028693_2_1"> 2020 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFiveYears" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFiveYears_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears_lbl" xml:lang="en-US" id="id_8104553_2028879_1_1"> Operating Leases, Future Minimum Payments, Due in Four Years </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears_lbl" xml:lang="en-US" id="id_8104553_2028879_2_1"> 2019 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_OperatingLeasesFutureMinimumPaymentsDueInSixYears" xlink:label="gs_OperatingLeasesFutureMinimumPaymentsDueInSixYears"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_OperatingLeasesFutureMinimumPaymentsDueInSixYears_lbl" xml:lang="en-US" id="id_8104553_2202414_3_1"> Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the sixth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_OperatingLeasesFutureMinimumPaymentsDueInSixYears_lbl" xml:lang="en-US" id="id_8104553_2202414_1_1"> Operating Leases Future Minimum Payments Due In Six Years </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_OperatingLeasesFutureMinimumPaymentsDueInSixYears_lbl" xml:lang="en-US" id="id_8104553_2202414_2_1"> 2021 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_OperatingLeasesFutureMinimumPaymentsDueInSixYears" xlink:to="gs_OperatingLeasesFutureMinimumPaymentsDueInSixYears_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears_lbl" xml:lang="en-US" id="id_8104553_2032535_1_1"> Operating Leases, Future Minimum Payments, Due in Three Years </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears_lbl" xml:lang="en-US" id="id_8104553_2032535_2_1"> 2018 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears_lbl" xml:lang="en-US" id="id_8104553_2034763_1_1"> Operating Leases, Future Minimum Payments, Due in Two Years </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears_lbl" xml:lang="en-US" id="id_8104553_2034763_2_1"> 2017 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear_lbl" xml:lang="en-US" id="id_8104553_2032379_1_1"> Operating Leases, Future Minimum Payments, Remainder of Fiscal Year </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear_lbl" xml:lang="en-US" id="id_8104553_2032379_2_1"> Remainder of 2016 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_OperationalRWAs" xlink:label="gs_OperationalRWAs"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_OperationalRWAs_lbl" xml:lang="en-US" id="id_8104553_2339062_3_1"> Operational risk-weighted assets. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_OperationalRWAs_lbl" xml:lang="en-US" id="id_8104553_2339062_1_1"> Operational RWAs </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_OperationalRWAs_lbl" xml:lang="en-US" id="id_8104553_2339062_2_1"> Total Operational RWAs </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_OperationalRWAs" xlink:to="gs_OperationalRWAs_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract" xlink:label="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_lbl" xml:lang="en-US" id="id_8104553_2032787_1_1"> Organization, Consolidation and Presentation of Financial Statements [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_lbl" xml:lang="en-US" id="id_8104553_2032787_2_1"> Organization, Consolidation and Presentation of Financial Statements [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract" xlink:to="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_OTCDerivativesByProductTypeAndTenorTableTextBlock" xlink:label="gs_OTCDerivativesByProductTypeAndTenorTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_OTCDerivativesByProductTypeAndTenorTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2109861_3_1"> OTC derivatives by product type and tenor. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_OTCDerivativesByProductTypeAndTenorTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2109861_1_1"> O T C Derivatives By Product Type And Tenor Table [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_OTCDerivativesByProductTypeAndTenorTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2109861_2_1"> OTC Derivatives by Product Type and Tenor </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_OTCDerivativesByProductTypeAndTenorTableTextBlock" xlink:to="gs_OTCDerivativesByProductTypeAndTenorTableTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_Other1Member" xlink:label="gs_Other1Member"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_Other1Member_lbl" xml:lang="en-US" id="id_8104553_2149559_3_1"> Other. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_Other1Member_lbl" xml:lang="en-US" id="id_8104553_2149559_1_1"> Other 1 [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_Other1Member_lbl" xml:lang="en-US" id="id_8104553_2149559_2_1"> Investments in Funds and Other [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_Other1Member" xlink:to="gs_Other1Member_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherAccountsPayableAndAccruedLiabilities" xlink:label="us-gaap_OtherAccountsPayableAndAccruedLiabilities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherAccountsPayableAndAccruedLiabilities_lbl" xml:lang="en-US" id="id_8104553_2029972_1_1"> Other Accounts Payable and Accrued Liabilities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OtherAccountsPayableAndAccruedLiabilities_lbl" xml:lang="en-US" id="id_8104553_2029972_2_1"> Accrued expenses and other </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherAccountsPayableAndAccruedLiabilities" xlink:to="us-gaap_OtherAccountsPayableAndAccruedLiabilities_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_OtherAdjustmentsToCet1" xlink:label="gs_OtherAdjustmentsToCet1"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_OtherAdjustmentsToCet1_lbl" xml:lang="en-US" id="id_8104553_2095635_3_1"> Other adjustments to CET1. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_OtherAdjustmentsToCet1_lbl" xml:lang="en-US" id="id_8104553_2095635_1_1"> Other Adjustments to CET1 </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="gs_OtherAdjustmentsToCet1_lbl" xml:lang="en-US" id="id_8104553_2095635_14_1"> Other adjustments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_OtherAdjustmentsToCet1" xlink:to="gs_OtherAdjustmentsToCet1_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_OtherAdjustmentsToTier1Capital" xlink:label="gs_OtherAdjustmentsToTier1Capital"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_OtherAdjustmentsToTier1Capital_lbl" xml:lang="en-US" id="id_8104553_2203060_3_1"> Other adjustments to Tier 1 capital. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_OtherAdjustmentsToTier1Capital_lbl" xml:lang="en-US" id="id_8104553_2203060_1_1"> Other Adjustments to Tier1 Capital </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="gs_OtherAdjustmentsToTier1Capital_lbl" xml:lang="en-US" id="id_8104553_2203060_14_1"> Other adjustments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_OtherAdjustmentsToTier1Capital" xlink:to="gs_OtherAdjustmentsToTier1Capital_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_OtherAdjustmentsToTier2Capital" xlink:label="gs_OtherAdjustmentsToTier2Capital"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_OtherAdjustmentsToTier2Capital_lbl" xml:lang="en-US" id="id_8104553_2130541_3_1"> Other adjustments to Tier 2 capital. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_OtherAdjustmentsToTier2Capital_lbl" xml:lang="en-US" id="id_8104553_2130541_1_1"> Other Adjustments to Tier2 Capital </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="gs_OtherAdjustmentsToTier2Capital_lbl" xml:lang="en-US" id="id_8104553_2130541_14_1"> Other adjustments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_OtherAdjustmentsToTier2Capital" xlink:to="gs_OtherAdjustmentsToTier2Capital_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherAssets" xlink:label="us-gaap_OtherAssets"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherAssets_lbl" xml:lang="en-US" id="id_8104553_2029068_1_1"> Other Assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OtherAssets_lbl" xml:lang="en-US" id="id_8104553_2029068_2_1"> Other assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_OtherAssets_lbl" xml:lang="en-US" id="id_8104553_2029068_6_1"> Total </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherAssets" xlink:to="us-gaap_OtherAssets_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherAssetsAbstract" xlink:label="us-gaap_OtherAssetsAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherAssetsAbstract_lbl" xml:lang="en-US" id="id_8104553_2029974_1_1"> Other Assets [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OtherAssetsAbstract_lbl" xml:lang="en-US" id="id_8104553_2029974_2_1"> Other Assets [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherAssetsAbstract" xlink:to="us-gaap_OtherAssetsAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherAssetsDisclosureTextBlock" xlink:label="us-gaap_OtherAssetsDisclosureTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherAssetsDisclosureTextBlock_lbl" xml:lang="en-US" id="id_8104553_2031040_1_1"> Other Assets Disclosure [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OtherAssetsDisclosureTextBlock_lbl" xml:lang="en-US" id="id_8104553_2031040_2_1"> Other Assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherAssetsDisclosureTextBlock" xlink:to="us-gaap_OtherAssetsDisclosureTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherAssetsMember" xlink:label="us-gaap_OtherAssetsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherAssetsMember_lbl" xml:lang="en-US" id="id_8104553_2031896_1_1"> Other Assets [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OtherAssetsMember_lbl" xml:lang="en-US" id="id_8104553_2031896_2_1"> Other Assets at Fair Value [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherAssetsMember" xlink:to="us-gaap_OtherAssetsMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherAssetsMiscellaneous" xlink:label="us-gaap_OtherAssetsMiscellaneous"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherAssetsMiscellaneous_lbl" xml:lang="en-US" id="id_8104553_2029975_1_1"> Other Assets, Miscellaneous </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OtherAssetsMiscellaneous_lbl" xml:lang="en-US" id="id_8104553_2029975_2_1"> Miscellaneous receivables and other </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherAssetsMiscellaneous" xlink:to="us-gaap_OtherAssetsMiscellaneous_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherCommitment" xlink:label="us-gaap_OtherCommitment"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherCommitment_lbl" xml:lang="en-US" id="id_8104553_2033645_1_1"> Other Commitment </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OtherCommitment_lbl" xml:lang="en-US" id="id_8104553_2033645_2_1"> Other </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherCommitment" xlink:to="us-gaap_OtherCommitment_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherCommitmentsLineItems" xlink:label="us-gaap_OtherCommitmentsLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherCommitmentsLineItems_lbl" xml:lang="en-US" id="id_8104553_2033228_1_1"> Other Commitments [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OtherCommitmentsLineItems_lbl" xml:lang="en-US" id="id_8104553_2033228_2_1"> Other Commitments [Line Items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherCommitmentsLineItems" xlink:to="us-gaap_OtherCommitmentsLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherCommitmentsTable" xlink:label="us-gaap_OtherCommitmentsTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherCommitmentsTable_lbl" xml:lang="en-US" id="id_8104553_2028433_1_1"> Other Commitments [Table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OtherCommitmentsTable_lbl" xml:lang="en-US" id="id_8104553_2028433_2_1"> Other Commitments [Table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherCommitmentsTable" xlink:to="us-gaap_OtherCommitmentsTable_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherComprehensiveIncomeLocationAxis" xlink:label="us-gaap_OtherComprehensiveIncomeLocationAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherComprehensiveIncomeLocationAxis_lbl" xml:lang="en-US" id="id_8104553_2033995_1_1"> Other Comprehensive Income Location [Axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OtherComprehensiveIncomeLocationAxis_lbl" xml:lang="en-US" id="id_8104553_2033995_2_1"> Other Comprehensive Income Location [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherComprehensiveIncomeLocationAxis" xlink:to="us-gaap_OtherComprehensiveIncomeLocationAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherComprehensiveIncomeLocationDomain" xlink:label="us-gaap_OtherComprehensiveIncomeLocationDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherComprehensiveIncomeLocationDomain_lbl" xml:lang="en-US" id="id_8104553_2033234_1_1"> Other Comprehensive Income Location [Domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OtherComprehensiveIncomeLocationDomain_lbl" xml:lang="en-US" id="id_8104553_2033234_2_1"> Other Comprehensive Income Location [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherComprehensiveIncomeLocationDomain" xlink:to="us-gaap_OtherComprehensiveIncomeLocationDomain_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_OtherComprehensiveIncomeLossDebtValuationAdjustmentBeforeTax" xlink:label="gs_OtherComprehensiveIncomeLossDebtValuationAdjustmentBeforeTax"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_OtherComprehensiveIncomeLossDebtValuationAdjustmentBeforeTax_lbl" xml:lang="en-US" id="id_8104553_2385185_3_1"> This item represents the amount of gains and losses from fair value changes that are attributable to changes in the firm's own credit spreads on financial liabilities for which the fair value option was elected. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_OtherComprehensiveIncomeLossDebtValuationAdjustmentBeforeTax_lbl" xml:lang="en-US" id="id_8104553_2385185_1_1"> Other Comprehensive Income Loss Debt Valuation Adjustment Before Tax </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="gs_OtherComprehensiveIncomeLossDebtValuationAdjustmentBeforeTax_lbl" xml:lang="en-US" id="id_8104553_2385185_14_1"> DVA on such financial liabilities included in "Debt valuation adjustment" within the condensed consolidated statements of comprehensive income </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_OtherComprehensiveIncomeLossDebtValuationAdjustmentBeforeTax" xlink:to="gs_OtherComprehensiveIncomeLossDebtValuationAdjustmentBeforeTax_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_OtherComprehensiveIncomeLossDebtValuationAdjustmentNetOfTax" xlink:label="gs_OtherComprehensiveIncomeLossDebtValuationAdjustmentNetOfTax"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_OtherComprehensiveIncomeLossDebtValuationAdjustmentNetOfTax_lbl" xml:lang="en-US" id="id_8104553_2385182_3_1"> Amount after tax of gain (loss) on debt valuation adjustments. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_OtherComprehensiveIncomeLossDebtValuationAdjustmentNetOfTax_lbl" xml:lang="en-US" id="id_8104553_2385182_1_1"> Other Comprehensive Income Loss Debt Valuation Adjustment Net of Tax </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_OtherComprehensiveIncomeLossDebtValuationAdjustmentNetOfTax_lbl" xml:lang="en-US" id="id_8104553_2385182_2_1"> Debt valuation adjustment </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="gs_OtherComprehensiveIncomeLossDebtValuationAdjustmentNetOfTax_lbl" xml:lang="en-US" id="id_8104553_2385182_14_1"> DVA on such financial liabilities included in "Debt valuation adjustment" within the condensed consolidated statements of comprehensive income, net of tax </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_OtherComprehensiveIncomeLossDebtValuationAdjustmentNetOfTax" xlink:to="gs_OtherComprehensiveIncomeLossDebtValuationAdjustmentNetOfTax_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax" xlink:label="us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax_lbl" xml:lang="en-US" id="id_8104553_2030613_1_1"> Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax_lbl" xml:lang="en-US" id="id_8104553_2030613_2_1"> Currency translation </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax" xlink:to="us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTax" xlink:label="us-gaap_OtherComprehensiveIncomeLossNetOfTax"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherComprehensiveIncomeLossNetOfTax_lbl" xml:lang="en-US" id="id_8104553_2032132_1_1"> Other Comprehensive Income (Loss), Net of Tax </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OtherComprehensiveIncomeLossNetOfTax_lbl" xml:lang="en-US" id="id_8104553_2032132_2_1"> Other comprehensive income/(loss) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_OtherComprehensiveIncomeLossNetOfTax_lbl" xml:lang="en-US" id="id_8104553_2032132_6_1"> Other comprehensive loss </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_OtherComprehensiveIncomeLossNetOfTax_lbl" xml:lang="en-US" id="id_8104553_2032132_12_1"> Other comprehensive income/(loss) adjustments, net of tax </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherComprehensiveIncomeLossNetOfTax" xlink:to="us-gaap_OtherComprehensiveIncomeLossNetOfTax_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract" xlink:label="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract_lbl" xml:lang="en-US" id="id_8104553_2028212_1_1"> Other Comprehensive Income (Loss), Net of Tax [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract_lbl" xml:lang="en-US" id="id_8104553_2028212_2_1"> Other comprehensive income/(loss) adjustments, net of tax: </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract" xlink:to="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax" xlink:label="us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax_lbl" xml:lang="en-US" id="id_8104553_2030380_1_1"> Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax_lbl" xml:lang="en-US" id="id_8104553_2030380_14_1"> Pension and postretirement liabilities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax" xlink:to="us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherDebtSecuritiesMember" xlink:label="us-gaap_OtherDebtSecuritiesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherDebtSecuritiesMember_lbl" xml:lang="en-US" id="id_8104553_2029323_1_1"> Other Debt Obligations [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OtherDebtSecuritiesMember_lbl" xml:lang="en-US" id="id_8104553_2029323_2_1"> Other Debt Obligations [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherDebtSecuritiesMember" xlink:to="us-gaap_OtherDebtSecuritiesMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_OtherFinancialAssetsAndLiabilitiesAtFairValueMember" xlink:label="gs_OtherFinancialAssetsAndLiabilitiesAtFairValueMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_OtherFinancialAssetsAndLiabilitiesAtFairValueMember_lbl" xml:lang="en-US" id="id_8104553_2111983_3_1"> Other financial assets and liabilities at fair value. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_OtherFinancialAssetsAndLiabilitiesAtFairValueMember_lbl" xml:lang="en-US" id="id_8104553_2111983_1_1"> Other Financial Assets And Liabilities At Fair Value [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_OtherFinancialAssetsAndLiabilitiesAtFairValueMember_lbl" xml:lang="en-US" id="id_8104553_2111983_2_1"> Other Financial Assets and Liabilities at Fair Value [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_OtherFinancialAssetsAndLiabilitiesAtFairValueMember" xlink:to="gs_OtherFinancialAssetsAndLiabilitiesAtFairValueMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_OtherFinancialAssetsMember" xlink:label="gs_OtherFinancialAssetsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_OtherFinancialAssetsMember_lbl" xml:lang="en-US" id="id_8104553_2274697_3_1"> Other financial assets [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_OtherFinancialAssetsMember_lbl" xml:lang="en-US" id="id_8104553_2274697_1_1"> Other Financial Assets [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_OtherFinancialAssetsMember_lbl" xml:lang="en-US" id="id_8104553_2274697_2_1"> Other Financial Assets [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_OtherFinancialAssetsMember" xlink:to="gs_OtherFinancialAssetsMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_OtherFinancialLiabilitiesMember" xlink:label="gs_OtherFinancialLiabilitiesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_OtherFinancialLiabilitiesMember_lbl" xml:lang="en-US" id="id_8104553_2053416_3_1"> Other financial liabilities [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_OtherFinancialLiabilitiesMember_lbl" xml:lang="en-US" id="id_8104553_2053416_1_1"> Other Financial Liabilities [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_OtherFinancialLiabilitiesMember_lbl" xml:lang="en-US" id="id_8104553_2053416_2_1"> Other Financial Liabilities [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_OtherFinancialLiabilitiesMember" xlink:to="gs_OtherFinancialLiabilitiesMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherIntangibleAssetsMember" xlink:label="us-gaap_OtherIntangibleAssetsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherIntangibleAssetsMember_lbl" xml:lang="en-US" id="id_8104553_2033241_1_1"> Other Intangible Assets [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OtherIntangibleAssetsMember_lbl" xml:lang="en-US" id="id_8104553_2033241_2_1"> Other [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherIntangibleAssetsMember" xlink:to="us-gaap_OtherIntangibleAssetsMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherInterestAndDividendIncome" xlink:label="us-gaap_OtherInterestAndDividendIncome"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherInterestAndDividendIncome_lbl" xml:lang="en-US" id="id_8104553_2031901_1_1"> Other Interest and Dividend Income </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OtherInterestAndDividendIncome_lbl" xml:lang="en-US" id="id_8104553_2031901_2_1"> Other interest </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherInterestAndDividendIncome" xlink:to="us-gaap_OtherInterestAndDividendIncome_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_OtherInterestExpense" xlink:label="gs_OtherInterestExpense"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_OtherInterestExpense_lbl" xml:lang="en-US" id="id_8104553_2281825_3_1"> Interest expense on all other items not previously classified. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_OtherInterestExpense_lbl" xml:lang="en-US" id="id_8104553_2281825_1_1"> Other Interest Expense </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_OtherInterestExpense_lbl" xml:lang="en-US" id="id_8104553_2281825_2_1"> Other interest </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_OtherInterestExpense" xlink:to="gs_OtherInterestExpense_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherLiabilities" xlink:label="us-gaap_OtherLiabilities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherLiabilities_lbl" xml:lang="en-US" id="id_8104553_2029082_1_1"> Other Liabilities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OtherLiabilities_lbl" xml:lang="en-US" id="id_8104553_2029082_2_1"> Other liabilities and accrued expenses </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_OtherLiabilities_lbl" xml:lang="en-US" id="id_8104553_2029082_6_1"> Total </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_OtherLiabilities_lbl" xml:lang="en-US" id="id_8104553_2029082_12_1"> Other liabilities and accrued expenses (includes $665 and $1,253 at fair value as of September 2016 and December 2015, respectively) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherLiabilities" xlink:to="us-gaap_OtherLiabilities_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherLiabilitiesDisclosureAbstract" xlink:label="us-gaap_OtherLiabilitiesDisclosureAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherLiabilitiesDisclosureAbstract_lbl" xml:lang="en-US" id="id_8104553_2030842_1_1"> Other Liabilities Disclosure [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OtherLiabilitiesDisclosureAbstract_lbl" xml:lang="en-US" id="id_8104553_2030842_2_1"> Other Liabilities Disclosure [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherLiabilitiesDisclosureAbstract" xlink:to="us-gaap_OtherLiabilitiesDisclosureAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherLiabilitiesDisclosureTextBlock" xlink:label="us-gaap_OtherLiabilitiesDisclosureTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherLiabilitiesDisclosureTextBlock_lbl" xml:lang="en-US" id="id_8104553_2029772_1_1"> Other Liabilities Disclosure [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OtherLiabilitiesDisclosureTextBlock_lbl" xml:lang="en-US" id="id_8104553_2029772_2_1"> Other Liabilities and Accrued Expenses </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherLiabilitiesDisclosureTextBlock" xlink:to="us-gaap_OtherLiabilitiesDisclosureTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherLiabilitiesFairValueDisclosure" xlink:label="us-gaap_OtherLiabilitiesFairValueDisclosure"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherLiabilitiesFairValueDisclosure_lbl" xml:lang="en-US" id="id_8104553_2032138_1_1"> Other Liabilities, Fair Value Disclosure </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OtherLiabilitiesFairValueDisclosure_lbl" xml:lang="en-US" id="id_8104553_2032138_2_1"> Other liabilities and accrued expenses at fair value </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_OtherLiabilitiesFairValueDisclosure_lbl" xml:lang="en-US" id="id_8104553_2032138_14_1"> Other liabilities and accrued expenses </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherLiabilitiesFairValueDisclosure" xlink:to="us-gaap_OtherLiabilitiesFairValueDisclosure_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherLiabilitiesMember" xlink:label="us-gaap_OtherLiabilitiesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherLiabilitiesMember_lbl" xml:lang="en-US" id="id_8104553_2032386_1_1"> Other Liabilities [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OtherLiabilitiesMember_lbl" xml:lang="en-US" id="id_8104553_2032386_2_1"> Other Liabilities and Accrued Expenses at Fair Value [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherLiabilitiesMember" xlink:to="us-gaap_OtherLiabilitiesMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherLiabilitiesTableTextBlock" xlink:label="us-gaap_OtherLiabilitiesTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherLiabilitiesTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2041030_1_1"> Other Liabilities [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OtherLiabilitiesTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2041030_2_1"> Other Liabilities and Accrued Expenses </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherLiabilitiesTableTextBlock" xlink:to="us-gaap_OtherLiabilitiesTableTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_OtherLoansMember" xlink:label="gs_OtherLoansMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_OtherLoansMember_lbl" xml:lang="en-US" id="id_8104553_2206478_3_1"> Other Loans [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_OtherLoansMember_lbl" xml:lang="en-US" id="id_8104553_2206478_1_1"> Other Loans [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_OtherLoansMember_lbl" xml:lang="en-US" id="id_8104553_2206478_2_1"> Other Loans [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_OtherLoansMember" xlink:to="gs_OtherLoansMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_OtherNetIncreaseInCet1" xlink:label="gs_OtherNetIncreaseInCet1"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_OtherNetIncreaseInCet1_lbl" xml:lang="en-US" id="id_8104553_2305002_3_1"> Other net increase in CET1. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_OtherNetIncreaseInCet1_lbl" xml:lang="en-US" id="id_8104553_2305002_1_1"> Other Net Increase in CET1 </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_OtherNetIncreaseInCet1_lbl" xml:lang="en-US" id="id_8104553_2305002_2_1"> Other net increase in CET1 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_OtherNetIncreaseInCet1" xlink:to="gs_OtherNetIncreaseInCet1_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherNoninterestExpense" xlink:label="us-gaap_OtherNoninterestExpense"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherNoninterestExpense_lbl" xml:lang="en-US" id="id_8104553_2032970_1_1"> Other Noninterest Expense </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OtherNoninterestExpense_lbl" xml:lang="en-US" id="id_8104553_2032970_2_1"> Other expenses </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherNoninterestExpense" xlink:to="us-gaap_OtherNoninterestExpense_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_OtherPrincipalTransactions" xlink:label="gs_OtherPrincipalTransactions"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_OtherPrincipalTransactions_lbl" xml:lang="en-US" id="id_8104553_2124016_3_1"> Revenues include the gains or losses from marking financial assets and liabilities in the Investing & Lending segment to fair value. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_OtherPrincipalTransactions_lbl" xml:lang="en-US" id="id_8104553_2124016_1_1"> Other Principal Transactions </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_OtherPrincipalTransactions_lbl" xml:lang="en-US" id="id_8104553_2124016_2_1"> Other principal transactions </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_OtherPrincipalTransactions" xlink:to="gs_OtherPrincipalTransactions_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_OtherPrincipalTransactionsMember" xlink:label="gs_OtherPrincipalTransactionsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_OtherPrincipalTransactionsMember_lbl" xml:lang="en-US" id="id_8104553_2183599_3_1"> Other principal transactions encompassing gain (loss) from trading activities on behalf of customers. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_OtherPrincipalTransactionsMember_lbl" xml:lang="en-US" id="id_8104553_2183599_1_1"> Other Principal Transactions [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_OtherPrincipalTransactionsMember_lbl" xml:lang="en-US" id="id_8104553_2183599_2_1"> Other Principal Transactions [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_OtherPrincipalTransactionsMember" xlink:to="gs_OtherPrincipalTransactionsMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_OtherPurchasedCreditDerivativesMember" xlink:label="gs_OtherPurchasedCreditDerivativesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_OtherPurchasedCreditDerivativesMember_lbl" xml:lang="en-US" id="id_8104553_2071666_3_1"> Other Purchased Credit Derivatives [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_OtherPurchasedCreditDerivativesMember_lbl" xml:lang="en-US" id="id_8104553_2071666_1_1"> Other Purchased Credit Derivatives [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_OtherPurchasedCreditDerivativesMember_lbl" xml:lang="en-US" id="id_8104553_2071666_2_1"> Other Purchased Credit Derivatives [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_OtherPurchasedCreditDerivativesMember" xlink:to="gs_OtherPurchasedCreditDerivativesMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_OtherRetainedInterestsMember" xlink:label="gs_OtherRetainedInterestsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_OtherRetainedInterestsMember_lbl" xml:lang="en-US" id="id_8104553_2356442_3_1"> Other retained interests [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_OtherRetainedInterestsMember_lbl" xml:lang="en-US" id="id_8104553_2356442_1_1"> Other retained interests [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_OtherRetainedInterestsMember_lbl" xml:lang="en-US" id="id_8104553_2356442_2_1"> Other Retained Interests [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_OtherRetainedInterestsMember" xlink:to="gs_OtherRetainedInterestsMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_OtherSecuredFinancingCollateralizedByFinancialInstruments" xlink:label="gs_OtherSecuredFinancingCollateralizedByFinancialInstruments"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_OtherSecuredFinancingCollateralizedByFinancialInstruments_lbl" xml:lang="en-US" id="id_8104553_2323355_3_1"> Other secured financing collateralized by financial instruments. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_OtherSecuredFinancingCollateralizedByFinancialInstruments_lbl" xml:lang="en-US" id="id_8104553_2323355_1_1"> Other Secured Financing Collateralized By Financial Instruments </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_OtherSecuredFinancingCollateralizedByFinancialInstruments_lbl" xml:lang="en-US" id="id_8104553_2323355_2_1"> Other secured financings collateralized by financial instruments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_OtherSecuredFinancingCollateralizedByFinancialInstruments" xlink:to="gs_OtherSecuredFinancingCollateralizedByFinancialInstruments_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherSecuredFinancings" xlink:label="us-gaap_OtherSecuredFinancings"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherSecuredFinancings_lbl" xml:lang="en-US" id="id_8104553_2028892_1_1"> Other Secured Financings </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OtherSecuredFinancings_lbl" xml:lang="en-US" id="id_8104553_2028892_2_1"> Other secured financings </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_OtherSecuredFinancings_lbl" xml:lang="en-US" id="id_8104553_2028892_6_1"> Total other secured financings </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_OtherSecuredFinancings_lbl" xml:lang="en-US" id="id_8104553_2028892_12_1"> Other secured financings (includes $22,006 and $23,207 at fair value as of September 2016 and December 2015, respectively) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherSecuredFinancings" xlink:to="us-gaap_OtherSecuredFinancings_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_OtherSecuredFinancingsAtFairValue" xlink:label="gs_OtherSecuredFinancingsAtFairValue"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_OtherSecuredFinancingsAtFairValue_lbl" xml:lang="en-US" id="id_8104553_2179571_3_1"> Other secured financings at fair value. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_OtherSecuredFinancingsAtFairValue_lbl" xml:lang="en-US" id="id_8104553_2179571_1_1"> Other Secured Financings At Fair Value </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_OtherSecuredFinancingsAtFairValue_lbl" xml:lang="en-US" id="id_8104553_2179571_2_1"> Other secured financings at fair value </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="gs_OtherSecuredFinancingsAtFairValue_lbl" xml:lang="en-US" id="id_8104553_2179571_14_1"> Other secured financings </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_OtherSecuredFinancingsAtFairValue" xlink:to="gs_OtherSecuredFinancingsAtFairValue_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_OtherSecuredFinancingsAtFairValueMember" xlink:label="gs_OtherSecuredFinancingsAtFairValueMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_OtherSecuredFinancingsAtFairValueMember_lbl" xml:lang="en-US" id="id_8104553_2333976_3_1"> Other secured financings at fair value. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_OtherSecuredFinancingsAtFairValueMember_lbl" xml:lang="en-US" id="id_8104553_2333976_1_1"> Other Secured Financings At Fair Value [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_OtherSecuredFinancingsAtFairValueMember_lbl" xml:lang="en-US" id="id_8104553_2333976_2_1"> Other Secured Financings at Fair Value [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_OtherSecuredFinancingsAtFairValueMember" xlink:to="gs_OtherSecuredFinancingsAtFairValueMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_OtherSecuredFinancingsByMaturityDateTableTextBlock" xlink:label="gs_OtherSecuredFinancingsByMaturityDateTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_OtherSecuredFinancingsByMaturityDateTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2185747_3_1"> Other secured financings by maturity date. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_OtherSecuredFinancingsByMaturityDateTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2185747_1_1"> Other Secured Financings By Maturity Date Table [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_OtherSecuredFinancingsByMaturityDateTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2185747_2_1"> Other Secured Financings by Maturity Date </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_OtherSecuredFinancingsByMaturityDateTableTextBlock" xlink:to="gs_OtherSecuredFinancingsByMaturityDateTableTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_OtherSecuredFinancingsByMaturityPeriodLineItems" xlink:label="gs_OtherSecuredFinancingsByMaturityPeriodLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_OtherSecuredFinancingsByMaturityPeriodLineItems_lbl" xml:lang="en-US" id="id_8104553_2235583_3_1"> Other secured financings by maturity period line items </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_OtherSecuredFinancingsByMaturityPeriodLineItems_lbl" xml:lang="en-US" id="id_8104553_2235583_1_1"> Other Secured Financings By Maturity Period [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_OtherSecuredFinancingsByMaturityPeriodLineItems_lbl" xml:lang="en-US" id="id_8104553_2235583_2_1"> Other Secured Financings By Maturity Period [Line Items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_OtherSecuredFinancingsByMaturityPeriodLineItems" xlink:to="gs_OtherSecuredFinancingsByMaturityPeriodLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_OtherSecuredFinancingsByMaturityPeriodTable" xlink:label="gs_OtherSecuredFinancingsByMaturityPeriodTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_OtherSecuredFinancingsByMaturityPeriodTable_lbl" xml:lang="en-US" id="id_8104553_2124693_3_1"> Other secured financings by maturity period. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_OtherSecuredFinancingsByMaturityPeriodTable_lbl" xml:lang="en-US" id="id_8104553_2124693_1_1"> Other Secured Financings By Maturity Period [Table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_OtherSecuredFinancingsByMaturityPeriodTable_lbl" xml:lang="en-US" id="id_8104553_2124693_2_1"> Other Secured Financings By Maturity Period [Table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_OtherSecuredFinancingsByMaturityPeriodTable" xlink:to="gs_OtherSecuredFinancingsByMaturityPeriodTable_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_OtherSecuredFinancingsCollateralizedByFinancialInstrumentsOwned" xlink:label="gs_OtherSecuredFinancingsCollateralizedByFinancialInstrumentsOwned"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_OtherSecuredFinancingsCollateralizedByFinancialInstrumentsOwned_lbl" xml:lang="en-US" id="id_8104553_2345702_3_1"> Other secured financings collateralized by financial instruments owned. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_OtherSecuredFinancingsCollateralizedByFinancialInstrumentsOwned_lbl" xml:lang="en-US" id="id_8104553_2345702_1_1"> Other Secured Financings Collateralized By Financial Instruments Owned </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_OtherSecuredFinancingsCollateralizedByFinancialInstrumentsOwned_lbl" xml:lang="en-US" id="id_8104553_2345702_2_1"> Other secured financings collateralized by financial instruments owned </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_OtherSecuredFinancingsCollateralizedByFinancialInstrumentsOwned" xlink:to="gs_OtherSecuredFinancingsCollateralizedByFinancialInstrumentsOwned_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_OtherSecuredFinancingsCollateralizedByFinancialInstrumentsReceivedAsCollateralAndRepledged" xlink:label="gs_OtherSecuredFinancingsCollateralizedByFinancialInstrumentsReceivedAsCollateralAndRepledged"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_OtherSecuredFinancingsCollateralizedByFinancialInstrumentsReceivedAsCollateralAndRepledged_lbl" xml:lang="en-US" id="id_8104553_2264604_3_1"> Other secured financings collateralized by financial instruments received as collateral and repledged. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_OtherSecuredFinancingsCollateralizedByFinancialInstrumentsReceivedAsCollateralAndRepledged_lbl" xml:lang="en-US" id="id_8104553_2264604_1_1"> Other Secured Financings Collateralized By Financial Instruments Received As Collateral And Repledged </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_OtherSecuredFinancingsCollateralizedByFinancialInstrumentsReceivedAsCollateralAndRepledged_lbl" xml:lang="en-US" id="id_8104553_2264604_2_1"> Other secured financings collateralized by financial instruments received as collateral and repledged </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_OtherSecuredFinancingsCollateralizedByFinancialInstrumentsReceivedAsCollateralAndRepledged" xlink:to="gs_OtherSecuredFinancingsCollateralizedByFinancialInstrumentsReceivedAsCollateralAndRepledged_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_OtherSecuredFinancingsCollateralizedByOtherAssets" xlink:label="gs_OtherSecuredFinancingsCollateralizedByOtherAssets"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_OtherSecuredFinancingsCollateralizedByOtherAssets_lbl" xml:lang="en-US" id="id_8104553_2168177_3_1"> Other secured financings collateralized by other assets. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_OtherSecuredFinancingsCollateralizedByOtherAssets_lbl" xml:lang="en-US" id="id_8104553_2168177_1_1"> Other Secured Financings Collateralized By Other Assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_OtherSecuredFinancingsCollateralizedByOtherAssets_lbl" xml:lang="en-US" id="id_8104553_2168177_2_1"> Other secured financings collateralized by other assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_OtherSecuredFinancingsCollateralizedByOtherAssets" xlink:to="gs_OtherSecuredFinancingsCollateralizedByOtherAssets_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_OtherSecuredFinancingsCurrent" xlink:label="gs_OtherSecuredFinancingsCurrent"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_OtherSecuredFinancingsCurrent_lbl" xml:lang="en-US" id="id_8104553_2217023_3_1"> Current secured financing other than securities sold under agreements to repurchase and securities loaned. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_OtherSecuredFinancingsCurrent_lbl" xml:lang="en-US" id="id_8104553_2217023_1_1"> Other Secured Financings Current </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_OtherSecuredFinancingsCurrent_lbl" xml:lang="en-US" id="id_8104553_2217023_2_1"> Other secured financings (short-term) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_OtherSecuredFinancingsCurrent" xlink:to="gs_OtherSecuredFinancingsCurrent_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_OtherSecuredFinancingsLineItems" xlink:label="gs_OtherSecuredFinancingsLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_OtherSecuredFinancingsLineItems_lbl" xml:lang="en-US" id="id_8104553_2091054_3_1"> Other secured financings line items. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_OtherSecuredFinancingsLineItems_lbl" xml:lang="en-US" id="id_8104553_2091054_1_1"> Other Secured Financings [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_OtherSecuredFinancingsLineItems_lbl" xml:lang="en-US" id="id_8104553_2091054_2_1"> Other Secured Financings [Line Items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_OtherSecuredFinancingsLineItems" xlink:to="gs_OtherSecuredFinancingsLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_OtherSecuredFinancingsLongTermAtAmortizedCost" xlink:label="gs_OtherSecuredFinancingsLongTermAtAmortizedCost"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_OtherSecuredFinancingsLongTermAtAmortizedCost_lbl" xml:lang="en-US" id="id_8104553_2127251_3_1"> Long-term other secured financings, at amortized cost. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_OtherSecuredFinancingsLongTermAtAmortizedCost_lbl" xml:lang="en-US" id="id_8104553_2127251_1_1"> Other Secured Financings Long Term At Amortized Cost </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_OtherSecuredFinancingsLongTermAtAmortizedCost_lbl" xml:lang="en-US" id="id_8104553_2127251_2_1"> Other Secured Financings Long Term At Amortized Cost </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_OtherSecuredFinancingsLongTermAtAmortizedCost" xlink:to="gs_OtherSecuredFinancingsLongTermAtAmortizedCost_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_OtherSecuredFinancingsLongTermAtFairValue" xlink:label="gs_OtherSecuredFinancingsLongTermAtFairValue"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_OtherSecuredFinancingsLongTermAtFairValue_lbl" xml:lang="en-US" id="id_8104553_2179624_3_1"> Long-term other secured financings, at fair value. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_OtherSecuredFinancingsLongTermAtFairValue_lbl" xml:lang="en-US" id="id_8104553_2179624_1_1"> Other Secured Financings Long Term At Fair Value </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_OtherSecuredFinancingsLongTermAtFairValue_lbl" xml:lang="en-US" id="id_8104553_2179624_2_1"> Other Secured Financings Long Term At Fair Value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_OtherSecuredFinancingsLongTermAtFairValue" xlink:to="gs_OtherSecuredFinancingsLongTermAtFairValue_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_OtherSecuredFinancingsShortTermAtAmortizedCost" xlink:label="gs_OtherSecuredFinancingsShortTermAtAmortizedCost"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_OtherSecuredFinancingsShortTermAtAmortizedCost_lbl" xml:lang="en-US" id="id_8104553_2124116_3_1"> Short-term other secured financings, at amortized cost. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_OtherSecuredFinancingsShortTermAtAmortizedCost_lbl" xml:lang="en-US" id="id_8104553_2124116_1_1"> Other Secured Financings Short Term At Amortized Cost </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_OtherSecuredFinancingsShortTermAtAmortizedCost_lbl" xml:lang="en-US" id="id_8104553_2124116_2_1"> Other Secured Financings Short Term At Amortized Cost </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_OtherSecuredFinancingsShortTermAtAmortizedCost" xlink:to="gs_OtherSecuredFinancingsShortTermAtAmortizedCost_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_OtherSecuredFinancingsShortTermAtFairValue" xlink:label="gs_OtherSecuredFinancingsShortTermAtFairValue"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_OtherSecuredFinancingsShortTermAtFairValue_lbl" xml:lang="en-US" id="id_8104553_2134969_3_1"> Short-term other secured financings, at fair value. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_OtherSecuredFinancingsShortTermAtFairValue_lbl" xml:lang="en-US" id="id_8104553_2134969_1_1"> Other Secured Financings Short Term At Fair Value </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_OtherSecuredFinancingsShortTermAtFairValue_lbl" xml:lang="en-US" id="id_8104553_2134969_2_1"> Other Secured Financings Short Term At Fair Value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_OtherSecuredFinancingsShortTermAtFairValue" xlink:to="gs_OtherSecuredFinancingsShortTermAtFairValue_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_OtherSecuredFinancingsTable" xlink:label="gs_OtherSecuredFinancingsTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_OtherSecuredFinancingsTable_lbl" xml:lang="en-US" id="id_8104553_2243649_3_1"> Other secured financings. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_OtherSecuredFinancingsTable_lbl" xml:lang="en-US" id="id_8104553_2243649_1_1"> Other Secured Financings [Table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_OtherSecuredFinancingsTable_lbl" xml:lang="en-US" id="id_8104553_2243649_2_1"> Other Secured Financings [Table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_OtherSecuredFinancingsTable" xlink:to="gs_OtherSecuredFinancingsTable_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_OtherSecuredFinancingsTableTextBlock" xlink:label="gs_OtherSecuredFinancingsTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_OtherSecuredFinancingsTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2301608_3_1"> Other secured financings. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_OtherSecuredFinancingsTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2301608_1_1"> Other Secured Financings Table [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_OtherSecuredFinancingsTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2301608_2_1"> Other Secured Financings </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_OtherSecuredFinancingsTableTextBlock" xlink:to="gs_OtherSecuredFinancingsTableTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherShortTermBorrowings" xlink:label="us-gaap_OtherShortTermBorrowings"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherShortTermBorrowings_lbl" xml:lang="en-US" id="id_8104553_2030195_1_1"> Other Short-term Borrowings </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OtherShortTermBorrowings_lbl" xml:lang="en-US" id="id_8104553_2030195_2_1"> Other short-term borrowings </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherShortTermBorrowings" xlink:to="us-gaap_OtherShortTermBorrowings_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_OthersMember" xlink:label="gs_OthersMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_OthersMember_lbl" xml:lang="en-US" id="id_8104553_2261352_3_1"> Others [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_OthersMember_lbl" xml:lang="en-US" id="id_8104553_2261352_1_1"> Others [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_OthersMember_lbl" xml:lang="en-US" id="id_8104553_2261352_2_1"> Other [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_OthersMember" xlink:to="gs_OthersMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_OutstandingBalanceForLoansTransferredToTrustsAndOtherMortgageSecuritizationVehicles" xlink:label="gs_OutstandingBalanceForLoansTransferredToTrustsAndOtherMortgageSecuritizationVehicles"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_OutstandingBalanceForLoansTransferredToTrustsAndOtherMortgageSecuritizationVehicles_lbl" xml:lang="en-US" id="id_8104553_2164248_3_1"> Outstanding balance for loans transferred by the firm to trusts and other mortgage securitization vehicles during the period 2005 through 2008. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_OutstandingBalanceForLoansTransferredToTrustsAndOtherMortgageSecuritizationVehicles_lbl" xml:lang="en-US" id="id_8104553_2164248_1_1"> Outstanding Balance For Loans Transferred To Trusts And Other Mortgage Securitization Vehicles </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_OutstandingBalanceForLoansTransferredToTrustsAndOtherMortgageSecuritizationVehicles_lbl" xml:lang="en-US" id="id_8104553_2164248_2_1"> Outstanding balance for loans transferred to trusts and other mortgage securitization vehicles during the period 2005 through 2008 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_OutstandingBalanceForLoansTransferredToTrustsAndOtherMortgageSecuritizationVehicles" xlink:to="gs_OutstandingBalanceForLoansTransferredToTrustsAndOtherMortgageSecuritizationVehicles_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_OutstandingGuaranteesOnBehalfOfCertainNonconsolidatedInvestmentFunds" xlink:label="gs_OutstandingGuaranteesOnBehalfOfCertainNonconsolidatedInvestmentFunds"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_OutstandingGuaranteesOnBehalfOfCertainNonconsolidatedInvestmentFunds_lbl" xml:lang="en-US" id="id_8104553_2187003_3_1"> Outstanding guarantees on behalf of certain nonconsolidated investment funds. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_OutstandingGuaranteesOnBehalfOfCertainNonconsolidatedInvestmentFunds_lbl" xml:lang="en-US" id="id_8104553_2187003_1_1"> Outstanding Guarantees On Behalf Of Certain Nonconsolidated Investment Funds </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_OutstandingGuaranteesOnBehalfOfCertainNonconsolidatedInvestmentFunds_lbl" xml:lang="en-US" id="id_8104553_2187003_2_1"> Outstanding guarantees on behalf of certain nonconsolidated investment funds </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_OutstandingGuaranteesOnBehalfOfCertainNonconsolidatedInvestmentFunds" xlink:to="gs_OutstandingGuaranteesOnBehalfOfCertainNonconsolidatedInvestmentFunds_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OverTheCounterMember" xlink:label="us-gaap_OverTheCounterMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OverTheCounterMember_lbl" xml:lang="en-US" id="id_8104553_2032146_1_1"> Over the Counter [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OverTheCounterMember_lbl" xml:lang="en-US" id="id_8104553_2032146_2_1"> OTC [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OverTheCounterMember" xlink:to="us-gaap_OverTheCounterMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PassMember" xlink:label="us-gaap_PassMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PassMember_lbl" xml:lang="en-US" id="id_8104553_2031062_1_1"> Pass [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PassMember_lbl" xml:lang="en-US" id="id_8104553_2031062_2_1"> Non-Criticized/Pass [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PassMember" xlink:to="us-gaap_PassMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_PayablesAbstract" xlink:label="gs_PayablesAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_PayablesAbstract_lbl" xml:lang="en-US" id="id_8104553_2176320_3_1"> Payables [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_PayablesAbstract_lbl" xml:lang="en-US" id="id_8104553_2176320_1_1"> Payables [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_PayablesAbstract_lbl" xml:lang="en-US" id="id_8104553_2176320_2_1"> Payables: </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_PayablesAbstract" xlink:to="gs_PayablesAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PayablesToBrokerDealersAndClearingOrganizations" xlink:label="us-gaap_PayablesToBrokerDealersAndClearingOrganizations"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PayablesToBrokerDealersAndClearingOrganizations_lbl" xml:lang="en-US" id="id_8104553_2034783_1_1"> Payables to Broker-Dealers and Clearing Organizations </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PayablesToBrokerDealersAndClearingOrganizations_lbl" xml:lang="en-US" id="id_8104553_2034783_2_1"> Brokers, dealers and clearing organizations </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PayablesToBrokerDealersAndClearingOrganizations" xlink:to="us-gaap_PayablesToBrokerDealersAndClearingOrganizations_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PayablesToCustomers" xlink:label="us-gaap_PayablesToCustomers"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PayablesToCustomers_lbl" xml:lang="en-US" id="id_8104553_2032823_1_1"> Payables to Customers </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PayablesToCustomers_lbl" xml:lang="en-US" id="id_8104553_2032823_2_1"> Customers and counterparties </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_PayablesToCustomers_lbl" xml:lang="en-US" id="id_8104553_2032823_12_1"> Payables to customers and counterparties </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PayablesToCustomers" xlink:to="us-gaap_PayablesToCustomers_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_PayablesToCustomersAndCounterpartiesPolicyTextBlock" xlink:label="gs_PayablesToCustomersAndCounterpartiesPolicyTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_PayablesToCustomersAndCounterpartiesPolicyTextBlock_lbl" xml:lang="en-US" id="id_8104553_2228561_3_1"> Payables to customers and counterparties. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_PayablesToCustomersAndCounterpartiesPolicyTextBlock_lbl" xml:lang="en-US" id="id_8104553_2228561_1_1"> Payables To Customers And Counterparties Policy [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_PayablesToCustomersAndCounterpartiesPolicyTextBlock_lbl" xml:lang="en-US" id="id_8104553_2228561_2_1"> Payables to Customers and Counterparties, Policy </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_PayablesToCustomersAndCounterpartiesPolicyTextBlock" xlink:to="gs_PayablesToCustomersAndCounterpartiesPolicyTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsForProceedsFromDerivativeInstrumentFinancingActivities" xlink:label="us-gaap_PaymentsForProceedsFromDerivativeInstrumentFinancingActivities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PaymentsForProceedsFromDerivativeInstrumentFinancingActivities_lbl" xml:lang="en-US" id="id_8104553_2041046_1_1"> Payments for (Proceeds from) Derivative Instrument, Financing Activities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_PaymentsForProceedsFromDerivativeInstrumentFinancingActivities_lbl" xml:lang="en-US" id="id_8104553_2041046_14_1"> Derivative contracts with a financing element, net </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsForProceedsFromDerivativeInstrumentFinancingActivities" xlink:to="us-gaap_PaymentsForProceedsFromDerivativeInstrumentFinancingActivities_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsForProceedsFromLoansAndLeases" xlink:label="us-gaap_PaymentsForProceedsFromLoansAndLeases"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PaymentsForProceedsFromLoansAndLeases_lbl" xml:lang="en-US" id="id_8104553_2028719_1_1"> Payments for (Proceeds from) Loans and Leases </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_PaymentsForProceedsFromLoansAndLeases_lbl" xml:lang="en-US" id="id_8104553_2028719_14_1"> Loans receivable, net </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsForProceedsFromLoansAndLeases" xlink:to="us-gaap_PaymentsForProceedsFromLoansAndLeases_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_PaymentsForRepurchaseOfApexSeniorGuaranteedSecuritiesAndTrustPreferredSecurities" xlink:label="gs_PaymentsForRepurchaseOfApexSeniorGuaranteedSecuritiesAndTrustPreferredSecurities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_PaymentsForRepurchaseOfApexSeniorGuaranteedSecuritiesAndTrustPreferredSecurities_lbl" xml:lang="en-US" id="id_8104553_2392624_3_1"> Payments for Repurchase of APEX, senior guaranteed securities and trust preferred securities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_PaymentsForRepurchaseOfApexSeniorGuaranteedSecuritiesAndTrustPreferredSecurities_lbl" xml:lang="en-US" id="id_8104553_2392624_1_1"> Payments for Repurchase of APEX, Senior Guaranteed Securities and Trust Preferred Securities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="gs_PaymentsForRepurchaseOfApexSeniorGuaranteedSecuritiesAndTrustPreferredSecurities_lbl" xml:lang="en-US" id="id_8104553_2392624_14_1"> Purchase of APEX, senior guaranteed securities and trust preferred securities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_PaymentsForRepurchaseOfApexSeniorGuaranteedSecuritiesAndTrustPreferredSecurities" xlink:to="gs_PaymentsForRepurchaseOfApexSeniorGuaranteedSecuritiesAndTrustPreferredSecurities_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsForRepurchaseOfCommonStock" xlink:label="us-gaap_PaymentsForRepurchaseOfCommonStock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PaymentsForRepurchaseOfCommonStock_lbl" xml:lang="en-US" id="id_8104553_2031533_1_1"> Payments for Repurchase of Common Stock </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_PaymentsForRepurchaseOfCommonStock_lbl" xml:lang="en-US" id="id_8104553_2031533_14_1"> Common stock repurchased </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsForRepurchaseOfCommonStock" xlink:to="us-gaap_PaymentsForRepurchaseOfCommonStock_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_PaymentsForSettlementOfShareBasedAwards" xlink:label="gs_PaymentsForSettlementOfShareBasedAwards"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_PaymentsForSettlementOfShareBasedAwards_lbl" xml:lang="en-US" id="id_8104553_2272602_3_1"> Cash settlement share based awards. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_PaymentsForSettlementOfShareBasedAwards_lbl" xml:lang="en-US" id="id_8104553_2272602_1_1"> Payments For Settlement Of Share Based Awards </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="gs_PaymentsForSettlementOfShareBasedAwards_lbl" xml:lang="en-US" id="id_8104553_2272602_14_1"> Cash settlement of share-based awards </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_PaymentsForSettlementOfShareBasedAwards" xlink:to="gs_PaymentsForSettlementOfShareBasedAwards_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsOfDividends" xlink:label="us-gaap_PaymentsOfDividends"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PaymentsOfDividends_lbl" xml:lang="en-US" id="id_8104553_2032825_1_1"> Payments of Dividends </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_PaymentsOfDividends_lbl" xml:lang="en-US" id="id_8104553_2032825_14_1"> Dividends and dividend equivalents paid on common stock, preferred stock and share-based awards </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsOfDividends" xlink:to="us-gaap_PaymentsOfDividends_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired" xlink:label="us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired_lbl" xml:lang="en-US" id="id_8104553_2031535_1_1"> Payments to Acquire Businesses, Net of Cash Acquired </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired_lbl" xml:lang="en-US" id="id_8104553_2031535_14_1"> Net cash acquired in/(used for) business acquisitions </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired" xlink:to="us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsToAcquirePropertyPlantAndEquipment" xlink:label="us-gaap_PaymentsToAcquirePropertyPlantAndEquipment"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_lbl" xml:lang="en-US" id="id_8104553_2034791_1_1"> Payments to Acquire Property, Plant, and Equipment </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_lbl" xml:lang="en-US" id="id_8104553_2034791_14_1"> Purchase of property, leasehold improvements and equipment </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsToAcquirePropertyPlantAndEquipment" xlink:to="us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_PercentageOfLevel3LiabilitiesOfFinancialLiabilitiesAtFairValue" xlink:label="gs_PercentageOfLevel3LiabilitiesOfFinancialLiabilitiesAtFairValue"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_PercentageOfLevel3LiabilitiesOfFinancialLiabilitiesAtFairValue_lbl" xml:lang="en-US" id="id_8104553_2078592_3_1"> Percentage of level 3 liabilities of total financial liabilities at fair value. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_PercentageOfLevel3LiabilitiesOfFinancialLiabilitiesAtFairValue_lbl" xml:lang="en-US" id="id_8104553_2078592_1_1"> Percentage Of Level 3 Liabilities Of Financial Liabilities At Fair Value </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_PercentageOfLevel3LiabilitiesOfFinancialLiabilitiesAtFairValue_lbl" xml:lang="en-US" id="id_8104553_2078592_2_1"> Total level 3 financial liabilities as a percentage of total financial liabilities at fair value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_PercentageOfLevel3LiabilitiesOfFinancialLiabilitiesAtFairValue" xlink:to="gs_PercentageOfLevel3LiabilitiesOfFinancialLiabilitiesAtFairValue_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PledgedAssetsNotSeparatelyReportedOtherFinancialInstruments" xlink:label="us-gaap_PledgedAssetsNotSeparatelyReportedOtherFinancialInstruments"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PledgedAssetsNotSeparatelyReportedOtherFinancialInstruments_lbl" xml:lang="en-US" id="id_8104553_2032571_1_1"> Pledged Assets, Not Separately Reported, Other </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PledgedAssetsNotSeparatelyReportedOtherFinancialInstruments_lbl" xml:lang="en-US" id="id_8104553_2032571_2_1"> Other assets (substantially all real estate and cash) owned and pledged in connection with other secured financings to counterparties that did not have the right to deliver or repledge </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PledgedAssetsNotSeparatelyReportedOtherFinancialInstruments" xlink:to="us-gaap_PledgedAssetsNotSeparatelyReportedOtherFinancialInstruments_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_PreferredStockDividendRatePercent" xlink:label="gs_PreferredStockDividendRatePercent"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_PreferredStockDividendRatePercent_lbl" xml:lang="en-US" id="id_8104553_2127532_3_1"> The formula rate used to calculate dividend payments on preferred stock. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_PreferredStockDividendRatePercent_lbl" xml:lang="en-US" id="id_8104553_2127532_1_1"> Preferred Stock Dividend Rate Percent </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_PreferredStockDividendRatePercent_lbl" xml:lang="en-US" id="id_8104553_2127532_2_1"> Dividend Rate </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_PreferredStockDividendRatePercent" xlink:to="gs_PreferredStockDividendRatePercent_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PreferredStockDividendRatePercentage" xlink:label="us-gaap_PreferredStockDividendRatePercentage"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PreferredStockDividendRatePercentage_lbl" xml:lang="en-US" id="id_8104553_2039013_1_1"> Preferred Stock, Dividend Rate, Percentage </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PreferredStockDividendRatePercentage_lbl" xml:lang="en-US" id="id_8104553_2039013_2_1"> Preferred stock dividend rate </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PreferredStockDividendRatePercentage" xlink:to="us-gaap_PreferredStockDividendRatePercentage_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PreferredStockDividendsIncomeStatementImpact" xlink:label="us-gaap_PreferredStockDividendsIncomeStatementImpact"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PreferredStockDividendsIncomeStatementImpact_lbl" xml:lang="en-US" id="id_8104553_2034455_1_1"> Preferred Stock Dividends, Income Statement Impact </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PreferredStockDividendsIncomeStatementImpact_lbl" xml:lang="en-US" id="id_8104553_2034455_2_1"> Preferred stock dividends </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PreferredStockDividendsIncomeStatementImpact" xlink:to="us-gaap_PreferredStockDividendsIncomeStatementImpact_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PreferredStockDividendsPerShareDeclared" xlink:label="us-gaap_PreferredStockDividendsPerShareDeclared"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PreferredStockDividendsPerShareDeclared_lbl" xml:lang="en-US" id="id_8104553_2030230_1_1"> Preferred Stock, Dividends Per Share, Declared </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PreferredStockDividendsPerShareDeclared_lbl" xml:lang="en-US" id="id_8104553_2030230_2_1"> Preferred stock dividends declared </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PreferredStockDividendsPerShareDeclared" xlink:to="us-gaap_PreferredStockDividendsPerShareDeclared_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PreferredStockLiquidationPreference" xlink:label="us-gaap_PreferredStockLiquidationPreference"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PreferredStockLiquidationPreference_lbl" xml:lang="en-US" id="id_8104553_2030869_1_1"> Preferred Stock, Liquidation Preference Per Share </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PreferredStockLiquidationPreference_lbl" xml:lang="en-US" id="id_8104553_2030869_2_1"> Liquidation Preference </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PreferredStockLiquidationPreference" xlink:to="us-gaap_PreferredStockLiquidationPreference_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PreferredStockLiquidationPreferenceValue" xlink:label="us-gaap_PreferredStockLiquidationPreferenceValue"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PreferredStockLiquidationPreferenceValue_lbl" xml:lang="en-US" id="id_8104553_2028252_1_1"> Preferred Stock, Liquidation Preference, Value </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PreferredStockLiquidationPreferenceValue_lbl" xml:lang="en-US" id="id_8104553_2028252_2_1"> Preferred stock, liquidation preference </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PreferredStockLiquidationPreferenceValue" xlink:to="us-gaap_PreferredStockLiquidationPreferenceValue_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PreferredStockMember" xlink:label="us-gaap_PreferredStockMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PreferredStockMember_lbl" xml:lang="en-US" id="id_8104553_2029109_1_1"> Preferred Stock [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PreferredStockMember_lbl" xml:lang="en-US" id="id_8104553_2029109_2_1"> Preferred Stock [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PreferredStockMember" xlink:to="us-gaap_PreferredStockMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PreferredStockParOrStatedValuePerShare" xlink:label="us-gaap_PreferredStockParOrStatedValuePerShare"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PreferredStockParOrStatedValuePerShare_lbl" xml:lang="en-US" id="id_8104553_2028253_1_1"> Preferred Stock, Par or Stated Value Per Share </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PreferredStockParOrStatedValuePerShare_lbl" xml:lang="en-US" id="id_8104553_2028253_2_1"> Preferred Stock </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_PreferredStockParOrStatedValuePerShare_lbl" xml:lang="en-US" id="id_8104553_2028253_12_1"> Preferred stock, par value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PreferredStockParOrStatedValuePerShare" xlink:to="us-gaap_PreferredStockParOrStatedValuePerShare_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PreferredStockRedemptionDiscount" xlink:label="us-gaap_PreferredStockRedemptionDiscount"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PreferredStockRedemptionDiscount_lbl" xml:lang="en-US" id="id_8104553_2034041_1_1"> Preferred Stock Redemption Discount </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PreferredStockRedemptionDiscount_lbl" xml:lang="en-US" id="id_8104553_2034041_2_1"> Difference between fair value of APEX and net carrying value of preferred stock at time of cancellation </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_PreferredStockRedemptionDiscount_lbl" xml:lang="en-US" id="id_8104553_2034041_12_1"> Preferred stock redemption discount </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PreferredStockRedemptionDiscount" xlink:to="us-gaap_PreferredStockRedemptionDiscount_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_PreferredStockRedemptionValue" xlink:label="gs_PreferredStockRedemptionValue"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_PreferredStockRedemptionValue_lbl" xml:lang="en-US" id="id_8104553_2302056_3_1"> The redemption amount of preferred stock. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_PreferredStockRedemptionValue_lbl" xml:lang="en-US" id="id_8104553_2302056_1_1"> Preferred Stock Redemption Value </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_PreferredStockRedemptionValue_lbl" xml:lang="en-US" id="id_8104553_2302056_2_1"> Redemption Value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_PreferredStockRedemptionValue" xlink:to="gs_PreferredStockRedemptionValue_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PreferredStockSharesAuthorized" xlink:label="us-gaap_PreferredStockSharesAuthorized"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PreferredStockSharesAuthorized_lbl" xml:lang="en-US" id="id_8104553_2028472_1_1"> Preferred Stock, Shares Authorized </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PreferredStockSharesAuthorized_lbl" xml:lang="en-US" id="id_8104553_2028472_2_1"> Shares Authorized </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PreferredStockSharesAuthorized" xlink:to="us-gaap_PreferredStockSharesAuthorized_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PreferredStockSharesIssued" xlink:label="us-gaap_PreferredStockSharesIssued"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PreferredStockSharesIssued_lbl" xml:lang="en-US" id="id_8104553_2039242_1_1"> Preferred Stock, Shares Issued </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PreferredStockSharesIssued_lbl" xml:lang="en-US" id="id_8104553_2039242_2_1"> Shares Issued </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PreferredStockSharesIssued" xlink:to="us-gaap_PreferredStockSharesIssued_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PreferredStockValue" xlink:label="us-gaap_PreferredStockValue"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PreferredStockValue_lbl" xml:lang="en-US" id="id_8104553_2034043_1_1"> Preferred Stock, Value, Issued </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PreferredStockValue_lbl" xml:lang="en-US" id="id_8104553_2034043_2_1"> Preferred stock </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_PreferredStockValue_lbl" xml:lang="en-US" id="id_8104553_2034043_12_1"> Preferred stock, par value $0.01 per share; aggregate liquidation preference of $11,203 and $11,200 as of September 2016 and December 2015, respectively </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PreferredStockValue" xlink:to="us-gaap_PreferredStockValue_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_PrincipalAmountOfConvertibleNotesOfferings" xlink:label="gs_PrincipalAmountOfConvertibleNotesOfferings"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_PrincipalAmountOfConvertibleNotesOfferings_lbl" xml:lang="en-US" id="id_8104553_2220569_3_1"> Principal amount of convertible notes offerings. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_PrincipalAmountOfConvertibleNotesOfferings_lbl" xml:lang="en-US" id="id_8104553_2220569_1_1"> Principal Amount Of Convertible Notes Offerings </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_PrincipalAmountOfConvertibleNotesOfferings_lbl" xml:lang="en-US" id="id_8104553_2220569_2_1"> Principal amount of convertible senior notes </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_PrincipalAmountOfConvertibleNotesOfferings" xlink:to="gs_PrincipalAmountOfConvertibleNotesOfferings_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_PrincipalProtectedNotesMember" xlink:label="gs_PrincipalProtectedNotesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_PrincipalProtectedNotesMember_lbl" xml:lang="en-US" id="id_8104553_2132228_3_1"> Principal-protected notes. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_PrincipalProtectedNotesMember_lbl" xml:lang="en-US" id="id_8104553_2132228_1_1"> Principal Protected Notes [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_PrincipalProtectedNotesMember_lbl" xml:lang="en-US" id="id_8104553_2132228_2_1"> Principal-Protected Notes [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_PrincipalProtectedNotesMember" xlink:to="gs_PrincipalProtectedNotesMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_PrivateBankAndOnlineRetailMember" xlink:label="gs_PrivateBankAndOnlineRetailMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_PrivateBankAndOnlineRetailMember_lbl" xml:lang="en-US" id="id_8104553_2392875_3_1"> Private Bank And Online Retail [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_PrivateBankAndOnlineRetailMember_lbl" xml:lang="en-US" id="id_8104553_2392875_1_1"> Private Bank And Online Retail [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_PrivateBankAndOnlineRetailMember_lbl" xml:lang="en-US" id="id_8104553_2392875_2_1"> Private Bank And Online Retail [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_PrivateBankAndOnlineRetailMember" xlink:to="gs_PrivateBankAndOnlineRetailMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_PrivateBankDepositsMember" xlink:label="gs_PrivateBankDepositsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_PrivateBankDepositsMember_lbl" xml:lang="en-US" id="id_8104553_2386761_3_1"> Private Bank Deposits [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_PrivateBankDepositsMember_lbl" xml:lang="en-US" id="id_8104553_2386761_1_1"> Private Bank Deposits [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_PrivateBankDepositsMember_lbl" xml:lang="en-US" id="id_8104553_2386761_2_1"> Private Bank Deposits [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_PrivateBankDepositsMember" xlink:to="gs_PrivateBankDepositsMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PrivateEquityFundsMember" xlink:label="us-gaap_PrivateEquityFundsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PrivateEquityFundsMember_lbl" xml:lang="en-US" id="id_8104553_2029360_1_1"> Private Equity Funds [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PrivateEquityFundsMember_lbl" xml:lang="en-US" id="id_8104553_2029360_2_1"> Private Equity Funds [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PrivateEquityFundsMember" xlink:to="us-gaap_PrivateEquityFundsMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_ProceedsFromIssuanceOfCommonStockIncludingStockOptionExercises" xlink:label="gs_ProceedsFromIssuanceOfCommonStockIncludingStockOptionExercises"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_ProceedsFromIssuanceOfCommonStockIncludingStockOptionExercises_lbl" xml:lang="en-US" id="id_8104553_2313651_3_1"> Proceeds from issuance of common stock, including stock option exercises. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_ProceedsFromIssuanceOfCommonStockIncludingStockOptionExercises_lbl" xml:lang="en-US" id="id_8104553_2313651_1_1"> Proceeds From Issuance Of Common Stock Including Stock Option Exercises </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_ProceedsFromIssuanceOfCommonStockIncludingStockOptionExercises_lbl" xml:lang="en-US" id="id_8104553_2313651_2_1"> Proceeds from issuance of common stock, including exercise of share-based awards </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_ProceedsFromIssuanceOfCommonStockIncludingStockOptionExercises" xlink:to="gs_ProceedsFromIssuanceOfCommonStockIncludingStockOptionExercises_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_ProceedsFromIssuanceOfOtherSecuredFinancingsLongTerm" xlink:label="gs_ProceedsFromIssuanceOfOtherSecuredFinancingsLongTerm"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_ProceedsFromIssuanceOfOtherSecuredFinancingsLongTerm_lbl" xml:lang="en-US" id="id_8104553_2276365_3_1"> The cash inflow from the issuance of other secured financings with maturity dates in excess of one year. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_ProceedsFromIssuanceOfOtherSecuredFinancingsLongTerm_lbl" xml:lang="en-US" id="id_8104553_2276365_1_1"> Proceeds From Issuance Of Other Secured Financings Long Term </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_ProceedsFromIssuanceOfOtherSecuredFinancingsLongTerm_lbl" xml:lang="en-US" id="id_8104553_2276365_2_1"> Proceeds from issuance of other secured financings (long-term) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_ProceedsFromIssuanceOfOtherSecuredFinancingsLongTerm" xlink:to="gs_ProceedsFromIssuanceOfOtherSecuredFinancingsLongTerm_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProceedsFromIssuanceOfPreferredStockAndPreferenceStock" xlink:label="us-gaap_ProceedsFromIssuanceOfPreferredStockAndPreferenceStock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ProceedsFromIssuanceOfPreferredStockAndPreferenceStock_lbl" xml:lang="en-US" id="id_8104553_2030658_1_1"> Proceeds from Issuance of Preferred Stock and Preference Stock </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ProceedsFromIssuanceOfPreferredStockAndPreferenceStock_lbl" xml:lang="en-US" id="id_8104553_2030658_2_1"> Proceeds from issuance of preferred stock, net of issuance costs </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromIssuanceOfPreferredStockAndPreferenceStock" xlink:to="us-gaap_ProceedsFromIssuanceOfPreferredStockAndPreferenceStock_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_ProceedsFromIssuanceOfUnsecuredLongTermBorrowings" xlink:label="gs_ProceedsFromIssuanceOfUnsecuredLongTermBorrowings"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_ProceedsFromIssuanceOfUnsecuredLongTermBorrowings_lbl" xml:lang="en-US" id="id_8104553_2275718_3_1"> The cash inflow from the issuance of unsecured borrowings with maturity dates in excess of one-year. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_ProceedsFromIssuanceOfUnsecuredLongTermBorrowings_lbl" xml:lang="en-US" id="id_8104553_2275718_1_1"> Proceeds From Issuance Of Unsecured Long Term Borrowings </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_ProceedsFromIssuanceOfUnsecuredLongTermBorrowings_lbl" xml:lang="en-US" id="id_8104553_2275718_2_1"> Proceeds from issuance of unsecured long-term borrowings </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_ProceedsFromIssuanceOfUnsecuredLongTermBorrowings" xlink:to="gs_ProceedsFromIssuanceOfUnsecuredLongTermBorrowings_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_ProceedsFromRepaymentsOfOtherSecuredShortTermDebt" xlink:label="gs_ProceedsFromRepaymentsOfOtherSecuredShortTermDebt"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_ProceedsFromRepaymentsOfOtherSecuredShortTermDebt_lbl" xml:lang="en-US" id="id_8104553_2298150_3_1"> Net cash inflow (outflow) associated with changes in the short-term portion of other secured financings. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_ProceedsFromRepaymentsOfOtherSecuredShortTermDebt_lbl" xml:lang="en-US" id="id_8104553_2298150_1_1"> Proceeds From Repayments Of Other Secured Short Term Debt </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="gs_ProceedsFromRepaymentsOfOtherSecuredShortTermDebt_lbl" xml:lang="en-US" id="id_8104553_2298150_14_1"> Other secured financings (short-term), net </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_ProceedsFromRepaymentsOfOtherSecuredShortTermDebt" xlink:to="gs_ProceedsFromRepaymentsOfOtherSecuredShortTermDebt_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_ProceedsFromRepaymentsOfUnsecuredShortTermDebt" xlink:label="gs_ProceedsFromRepaymentsOfUnsecuredShortTermDebt"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_ProceedsFromRepaymentsOfUnsecuredShortTermDebt_lbl" xml:lang="en-US" id="id_8104553_2274179_3_1"> Net cash inflow (outflow) associated with changes in unsecured short-term borrowings. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_ProceedsFromRepaymentsOfUnsecuredShortTermDebt_lbl" xml:lang="en-US" id="id_8104553_2274179_1_1"> Proceeds From Repayments Of Unsecured Short Term Debt </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="gs_ProceedsFromRepaymentsOfUnsecuredShortTermDebt_lbl" xml:lang="en-US" id="id_8104553_2274179_14_1"> Unsecured short-term borrowings, net </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_ProceedsFromRepaymentsOfUnsecuredShortTermDebt" xlink:to="gs_ProceedsFromRepaymentsOfUnsecuredShortTermDebt_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProceedsFromSaleOfInvestmentProjects" xlink:label="us-gaap_ProceedsFromSaleOfInvestmentProjects"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ProceedsFromSaleOfInvestmentProjects_lbl" xml:lang="en-US" id="id_8104553_2039252_1_1"> Proceeds from Sale of Investment Projects </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ProceedsFromSaleOfInvestmentProjects_lbl" xml:lang="en-US" id="id_8104553_2039252_2_1"> Proceeds from sales of investments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromSaleOfInvestmentProjects" xlink:to="us-gaap_ProceedsFromSaleOfInvestmentProjects_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment" xlink:label="us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment_lbl" xml:lang="en-US" id="id_8104553_2035020_1_1"> Proceeds from Sale of Property, Plant, and Equipment </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment_lbl" xml:lang="en-US" id="id_8104553_2035020_2_1"> Proceeds from sales of property, leasehold improvements and equipment </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment" xlink:to="us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProfessionalFees" xlink:label="us-gaap_ProfessionalFees"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ProfessionalFees_lbl" xml:lang="en-US" id="id_8104553_2039257_1_1"> Professional Fees </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ProfessionalFees_lbl" xml:lang="en-US" id="id_8104553_2039257_2_1"> Professional fees </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProfessionalFees" xlink:to="us-gaap_ProfessionalFees_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_PropertyLeaseholdImprovementsAndEquipmentUsedForOperation" xlink:label="gs_PropertyLeaseholdImprovementsAndEquipmentUsedForOperation"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_PropertyLeaseholdImprovementsAndEquipmentUsedForOperation_lbl" xml:lang="en-US" id="id_8104553_2270027_3_1"> Property, leasehold improvements and equipment used for operation. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_PropertyLeaseholdImprovementsAndEquipmentUsedForOperation_lbl" xml:lang="en-US" id="id_8104553_2270027_1_1"> Property Leasehold Improvements And Equipment Used For Operation </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_PropertyLeaseholdImprovementsAndEquipmentUsedForOperation_lbl" xml:lang="en-US" id="id_8104553_2270027_2_1"> Property, leasehold improvements and equipment used for operation </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_PropertyLeaseholdImprovementsAndEquipmentUsedForOperation" xlink:to="gs_PropertyLeaseholdImprovementsAndEquipmentUsedForOperation_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_PropertyPlantAndEquipmentOperatingLeasePolicyTextBlock" xlink:label="gs_PropertyPlantAndEquipmentOperatingLeasePolicyTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_PropertyPlantAndEquipmentOperatingLeasePolicyTextBlock_lbl" xml:lang="en-US" id="id_8104553_2204413_3_1"> Provides the entity's accounting policy for (1) operating leases of office space held in excess of its current requirements; and (2) operating leases of office space where the firm has ceased using the space and management has concluded that the entity will not derive any future economic benefits. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_PropertyPlantAndEquipmentOperatingLeasePolicyTextBlock_lbl" xml:lang="en-US" id="id_8104553_2204413_1_1"> Property Plant And Equipment Operating Lease Policy [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_PropertyPlantAndEquipmentOperatingLeasePolicyTextBlock_lbl" xml:lang="en-US" id="id_8104553_2204413_2_1"> Property, Plant and Equipment, Operating Lease Policy </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_PropertyPlantAndEquipmentOperatingLeasePolicyTextBlock" xlink:to="gs_PropertyPlantAndEquipmentOperatingLeasePolicyTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PropertyPlantAndEquipmentPolicyTextBlock" xlink:label="us-gaap_PropertyPlantAndEquipmentPolicyTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PropertyPlantAndEquipmentPolicyTextBlock_lbl" xml:lang="en-US" id="id_8104553_2036191_1_1"> Property, Plant and Equipment, Policy [Policy Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PropertyPlantAndEquipmentPolicyTextBlock_lbl" xml:lang="en-US" id="id_8104553_2036191_2_1"> Property, Plant and Equipment, Policy </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentPolicyTextBlock" xlink:to="us-gaap_PropertyPlantAndEquipmentPolicyTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_PropertyPlantsAndEquipmentNet" xlink:label="gs_PropertyPlantsAndEquipmentNet"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_PropertyPlantsAndEquipmentNet_lbl" xml:lang="en-US" id="id_8104553_2125032_3_1"> Tangible assets that are held by an entity for use in the production or supply of goods and services, for rental to others, or for administrative purposes and that are expected to provide economic benefit for more than one year; net of accumulated depreciation. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_PropertyPlantsAndEquipmentNet_lbl" xml:lang="en-US" id="id_8104553_2125032_1_1"> Property Plants And Equipment Net </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_PropertyPlantsAndEquipmentNet_lbl" xml:lang="en-US" id="id_8104553_2125032_2_1"> Property, leasehold improvements and equipment </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_PropertyPlantsAndEquipmentNet" xlink:to="gs_PropertyPlantsAndEquipmentNet_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_ProtectionForAdditionalLosses" xlink:label="gs_ProtectionForAdditionalLosses"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_ProtectionForAdditionalLosses_lbl" xml:lang="en-US" id="id_8104553_2307746_3_1"> Protection provided by Sumitomo Mitsui Financial Group, Inc. (SMFG) for additional losses on approved loan commitments. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_ProtectionForAdditionalLosses_lbl" xml:lang="en-US" id="id_8104553_2307746_1_1"> Protection For Additional Losses </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_ProtectionForAdditionalLosses_lbl" xml:lang="en-US" id="id_8104553_2307746_2_1"> Protection provided by SMFG for additional losses </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_ProtectionForAdditionalLosses" xlink:to="gs_ProtectionForAdditionalLosses_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProvisionForLoanAndLeaseLosses" xlink:label="us-gaap_ProvisionForLoanAndLeaseLosses"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ProvisionForLoanAndLeaseLosses_lbl" xml:lang="en-US" id="id_8104553_2039040_1_1"> Provision for Loan and Lease Losses </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_ProvisionForLoanAndLeaseLosses_lbl" xml:lang="en-US" id="id_8104553_2039040_14_1"> Provision </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProvisionForLoanAndLeaseLosses" xlink:to="us-gaap_ProvisionForLoanAndLeaseLosses_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_ProvisionReleaseForLossesOnLendingCommitments" xlink:label="gs_ProvisionReleaseForLossesOnLendingCommitments"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_ProvisionReleaseForLossesOnLendingCommitments_lbl" xml:lang="en-US" id="id_8104553_2137820_3_1"> Provision/ ( release ) for losses on lending commitments. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_ProvisionReleaseForLossesOnLendingCommitments_lbl" xml:lang="en-US" id="id_8104553_2137820_1_1"> Provision Release For Losses On Lending Commitments </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_ProvisionReleaseForLossesOnLendingCommitments_lbl" xml:lang="en-US" id="id_8104553_2137820_2_1"> Provision </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_ProvisionReleaseForLossesOnLendingCommitments" xlink:to="gs_ProvisionReleaseForLossesOnLendingCommitments_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_PurchasedCreditDerivativesPurposeAxis" xlink:label="gs_PurchasedCreditDerivativesPurposeAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_PurchasedCreditDerivativesPurposeAxis_lbl" xml:lang="en-US" id="id_8104553_2358960_3_1"> Purchased credit derivatives purpose. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_PurchasedCreditDerivativesPurposeAxis_lbl" xml:lang="en-US" id="id_8104553_2358960_1_1"> Purchased Credit Derivatives Purpose [Axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_PurchasedCreditDerivativesPurposeAxis_lbl" xml:lang="en-US" id="id_8104553_2358960_2_1"> Purchased Credit Derivatives Purpose [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_PurchasedCreditDerivativesPurposeAxis" xlink:to="gs_PurchasedCreditDerivativesPurposeAxis_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_PurchasedCreditDerivativesPurposeDomain" xlink:label="gs_PurchasedCreditDerivativesPurposeDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_PurchasedCreditDerivativesPurposeDomain_lbl" xml:lang="en-US" id="id_8104553_2150841_3_1"> Purchased Credit Derivatives Purpose [Domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_PurchasedCreditDerivativesPurposeDomain_lbl" xml:lang="en-US" id="id_8104553_2150841_1_1"> Purchased Credit Derivatives Purpose [Domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_PurchasedCreditDerivativesPurposeDomain_lbl" xml:lang="en-US" id="id_8104553_2150841_2_1"> Purchased Credit Derivatives Purpose [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_PurchasedCreditDerivativesPurposeDomain" xlink:to="gs_PurchasedCreditDerivativesPurposeDomain_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_PurchasedCreditImpairedLoanOneMember" xlink:label="gs_PurchasedCreditImpairedLoanOneMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_PurchasedCreditImpairedLoanOneMember_lbl" xml:lang="en-US" id="id_8104553_2392956_3_1"> Purchased Credit Impaired Loan One [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_PurchasedCreditImpairedLoanOneMember_lbl" xml:lang="en-US" id="id_8104553_2392956_1_1"> Purchased Credit Impaired Loan One [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_PurchasedCreditImpairedLoanOneMember_lbl" xml:lang="en-US" id="id_8104553_2392956_2_1"> PCI loans acquired during three months [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_PurchasedCreditImpairedLoanOneMember" xlink:to="gs_PurchasedCreditImpairedLoanOneMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_PurchasedCreditImpairedLoanTwoMember" xlink:label="gs_PurchasedCreditImpairedLoanTwoMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_PurchasedCreditImpairedLoanTwoMember_lbl" xml:lang="en-US" id="id_8104553_2392957_3_1"> Purchased Credit Impaired Loan Two [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_PurchasedCreditImpairedLoanTwoMember_lbl" xml:lang="en-US" id="id_8104553_2392957_1_1"> Purchased Credit Impaired Loan Two [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_PurchasedCreditImpairedLoanTwoMember_lbl" xml:lang="en-US" id="id_8104553_2392957_2_1"> PCI loans acquired during nine months [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_PurchasedCreditImpairedLoanTwoMember" xlink:to="gs_PurchasedCreditImpairedLoanTwoMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_PurchasedInterests" xlink:label="gs_PurchasedInterests"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_PurchasedInterests_lbl" xml:lang="en-US" id="id_8104553_2393050_3_1"> Purchased interests in securitization entities in which the firm also holds retained interests. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_PurchasedInterests_lbl" xml:lang="en-US" id="id_8104553_2393050_1_1"> Purchased Interests </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_PurchasedInterests_lbl" xml:lang="en-US" id="id_8104553_2393050_2_1"> Purchased interests </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_PurchasedInterests" xlink:to="gs_PurchasedInterests_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_PurchasedInterestsMaximumExposureToLossMember" xlink:label="gs_PurchasedInterestsMaximumExposureToLossMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_PurchasedInterestsMaximumExposureToLossMember_lbl" xml:lang="en-US" id="id_8104553_2211993_3_1"> Purchased interests, maximum exposure to loss. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_PurchasedInterestsMaximumExposureToLossMember_lbl" xml:lang="en-US" id="id_8104553_2211993_1_1"> Purchased Interests Maximum Exposure To Loss [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_PurchasedInterestsMaximumExposureToLossMember_lbl" xml:lang="en-US" id="id_8104553_2211993_2_1"> Purchased Interests, Maximum Exposure to Loss [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_PurchasedInterestsMaximumExposureToLossMember" xlink:to="gs_PurchasedInterestsMaximumExposureToLossMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_QualifyingSubordinatedDebt" xlink:label="gs_QualifyingSubordinatedDebt"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_QualifyingSubordinatedDebt_lbl" xml:lang="en-US" id="id_8104553_2139744_3_1"> Qualifying subordinated debt included in Tier 2 capital. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_QualifyingSubordinatedDebt_lbl" xml:lang="en-US" id="id_8104553_2139744_1_1"> Qualifying Subordinated Debt </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_QualifyingSubordinatedDebt_lbl" xml:lang="en-US" id="id_8104553_2139744_2_1"> Qualifying subordinated debt </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_QualifyingSubordinatedDebt" xlink:to="gs_QualifyingSubordinatedDebt_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_QualitativeAndQuantitativeInformationTransferorsContinuingInvolvementLineItems" xlink:label="us-gaap_QualitativeAndQuantitativeInformationTransferorsContinuingInvolvementLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_QualitativeAndQuantitativeInformationTransferorsContinuingInvolvementLineItems_lbl" xml:lang="en-US" id="id_8104553_2036202_1_1"> Qualitative and Quantitative Information, Transferor's Continuing Involvement [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_QualitativeAndQuantitativeInformationTransferorsContinuingInvolvementLineItems_lbl" xml:lang="en-US" id="id_8104553_2036202_2_1"> Qualitative and Quantitative Information, Transferor's Continuing Involvement [Line Items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_QualitativeAndQuantitativeInformationTransferorsContinuingInvolvementLineItems" xlink:to="us-gaap_QualitativeAndQuantitativeInformationTransferorsContinuingInvolvementLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_QualitativeAndQuantitativeInformationTransferorsContinuingInvolvementTable" xlink:label="us-gaap_QualitativeAndQuantitativeInformationTransferorsContinuingInvolvementTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_QualitativeAndQuantitativeInformationTransferorsContinuingInvolvementTable_lbl" xml:lang="en-US" id="id_8104553_2038437_1_1"> Qualitative and Quantitative Information, Transferor's Continuing Involvement [Table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_QualitativeAndQuantitativeInformationTransferorsContinuingInvolvementTable_lbl" xml:lang="en-US" id="id_8104553_2038437_2_1"> Qualitative and Quantitative Information, Transferor's Continuing Involvement [Table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_QualitativeAndQuantitativeInformationTransferorsContinuingInvolvementTable" xlink:to="us-gaap_QualitativeAndQuantitativeInformationTransferorsContinuingInvolvementTable_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_QualitativeAndQuantitativeInformationTransferorsContinuingInvolvementTableTextBlock" xlink:label="us-gaap_QualitativeAndQuantitativeInformationTransferorsContinuingInvolvementTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_QualitativeAndQuantitativeInformationTransferorsContinuingInvolvementTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2028496_1_1"> Qualitative and Quantitative Information, Transferor's Continuing Involvement [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_QualitativeAndQuantitativeInformationTransferorsContinuingInvolvementTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2028496_2_1"> Firms Continuing Involvement in Securitization Entities to Which Firm Sold Assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_QualitativeAndQuantitativeInformationTransferorsContinuingInvolvementTableTextBlock" xlink:to="us-gaap_QualitativeAndQuantitativeInformationTransferorsContinuingInvolvementTableTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RangeAxis" xlink:label="us-gaap_RangeAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RangeAxis_lbl" xml:lang="en-US" id="id_8104553_2028497_1_1"> Range [Axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_RangeAxis_lbl" xml:lang="en-US" id="id_8104553_2028497_2_1"> Range [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RangeAxis" xlink:to="us-gaap_RangeAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RangeMember" xlink:label="us-gaap_RangeMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RangeMember_lbl" xml:lang="en-US" id="id_8104553_2030442_1_1"> Range [Domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_RangeMember_lbl" xml:lang="en-US" id="id_8104553_2030442_2_1"> Range [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RangeMember" xlink:to="us-gaap_RangeMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_RealEstateCreditRelatedAndOtherInvestingMember" xlink:label="gs_RealEstateCreditRelatedAndOtherInvestingMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_RealEstateCreditRelatedAndOtherInvestingMember_lbl" xml:lang="en-US" id="id_8104553_2186291_3_1"> Real estate, credit-related and other investing. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_RealEstateCreditRelatedAndOtherInvestingMember_lbl" xml:lang="en-US" id="id_8104553_2186291_1_1"> Real Estate Credit Related And Other Investing [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_RealEstateCreditRelatedAndOtherInvestingMember_lbl" xml:lang="en-US" id="id_8104553_2186291_2_1"> Real Estate, Credit-Related and Other Investing [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_RealEstateCreditRelatedAndOtherInvestingMember" xlink:to="gs_RealEstateCreditRelatedAndOtherInvestingMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RealEstateFundsMember" xlink:label="us-gaap_RealEstateFundsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RealEstateFundsMember_lbl" xml:lang="en-US" id="id_8104553_2036206_1_1"> Real Estate Funds [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_RealEstateFundsMember_lbl" xml:lang="en-US" id="id_8104553_2036206_2_1"> Real Estate Funds [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateFundsMember" xlink:to="us-gaap_RealEstateFundsMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RealEstateInvestmentMember" xlink:label="us-gaap_RealEstateInvestmentMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RealEstateInvestmentMember_lbl" xml:lang="en-US" id="id_8104553_2036022_1_1"> Real Estate Investment [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_RealEstateInvestmentMember_lbl" xml:lang="en-US" id="id_8104553_2036022_2_1"> Real Estate Investment [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateInvestmentMember" xlink:to="us-gaap_RealEstateInvestmentMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ReceivablesAbstract" xlink:label="us-gaap_ReceivablesAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ReceivablesAbstract_lbl" xml:lang="en-US" id="id_8104553_2038046_1_1"> Receivables [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ReceivablesAbstract_lbl" xml:lang="en-US" id="id_8104553_2038046_2_1"> Receivables: </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ReceivablesAbstract" xlink:to="us-gaap_ReceivablesAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ReceivablesAcquiredWithDeterioratedCreditQualityAxis" xlink:label="us-gaap_ReceivablesAcquiredWithDeterioratedCreditQualityAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ReceivablesAcquiredWithDeterioratedCreditQualityAxis_lbl" xml:lang="en-US" id="id_8104553_2041081_1_1"> Receivables Acquired with Deteriorated Credit Quality [Axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ReceivablesAcquiredWithDeterioratedCreditQualityAxis_lbl" xml:lang="en-US" id="id_8104553_2041081_2_1"> Receivables Acquired with Deteriorated Credit Quality [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ReceivablesAcquiredWithDeterioratedCreditQualityAxis" xlink:to="us-gaap_ReceivablesAcquiredWithDeterioratedCreditQualityAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ReceivablesAcquiredWithDeterioratedCreditQualityDomain" xlink:label="us-gaap_ReceivablesAcquiredWithDeterioratedCreditQualityDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ReceivablesAcquiredWithDeterioratedCreditQualityDomain_lbl" xml:lang="en-US" id="id_8104553_2028501_1_1"> Receivables Acquired with Deteriorated Credit Quality [Domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ReceivablesAcquiredWithDeterioratedCreditQualityDomain_lbl" xml:lang="en-US" id="id_8104553_2028501_2_1"> Receivables Acquired with Deteriorated Credit Quality [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ReceivablesAcquiredWithDeterioratedCreditQualityDomain" xlink:to="us-gaap_ReceivablesAcquiredWithDeterioratedCreditQualityDomain_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ReceivablesAcquiredWithDeterioratedCreditQualityMember" xlink:label="us-gaap_ReceivablesAcquiredWithDeterioratedCreditQualityMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ReceivablesAcquiredWithDeterioratedCreditQualityMember_lbl" xml:lang="en-US" id="id_8104553_2035062_1_1"> Receivables Acquired with Deteriorated Credit Quality [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ReceivablesAcquiredWithDeterioratedCreditQualityMember_lbl" xml:lang="en-US" id="id_8104553_2035062_2_1"> PCI Loans [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ReceivablesAcquiredWithDeterioratedCreditQualityMember" xlink:to="us-gaap_ReceivablesAcquiredWithDeterioratedCreditQualityMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ReceivablesFairValueDisclosure" xlink:label="us-gaap_ReceivablesFairValueDisclosure"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ReceivablesFairValueDisclosure_lbl" xml:lang="en-US" id="id_8104553_2037117_1_1"> Receivables, Fair Value Disclosure </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ReceivablesFairValueDisclosure_lbl" xml:lang="en-US" id="id_8104553_2037117_2_1"> Receivables from customers and counterparties </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_ReceivablesFairValueDisclosure_lbl" xml:lang="en-US" id="id_8104553_2037117_12_1"> Receivables from customers and counterparties at fair value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ReceivablesFairValueDisclosure" xlink:to="us-gaap_ReceivablesFairValueDisclosure_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_ReceivablesFromAndPayablesToBrokersDealersAndClearingOrganizationsPolicyTextBlock" xlink:label="gs_ReceivablesFromAndPayablesToBrokersDealersAndClearingOrganizationsPolicyTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_ReceivablesFromAndPayablesToBrokersDealersAndClearingOrganizationsPolicyTextBlock_lbl" xml:lang="en-US" id="id_8104553_2364712_3_1"> Receivables from and Payables to brokers dealers and clearing organizations. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_ReceivablesFromAndPayablesToBrokersDealersAndClearingOrganizationsPolicyTextBlock_lbl" xml:lang="en-US" id="id_8104553_2364712_1_1"> Receivables From And Payables To Brokers Dealers And Clearing Organizations Policy [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_ReceivablesFromAndPayablesToBrokersDealersAndClearingOrganizationsPolicyTextBlock_lbl" xml:lang="en-US" id="id_8104553_2364712_2_1"> Receivables from and Payables to Brokers, Dealers and Clearing Organizations, Policy </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_ReceivablesFromAndPayablesToBrokersDealersAndClearingOrganizationsPolicyTextBlock" xlink:to="gs_ReceivablesFromAndPayablesToBrokersDealersAndClearingOrganizationsPolicyTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ReceivablesFromBrokersDealersAndClearingOrganizations" xlink:label="us-gaap_ReceivablesFromBrokersDealersAndClearingOrganizations"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ReceivablesFromBrokersDealersAndClearingOrganizations_lbl" xml:lang="en-US" id="id_8104553_2038047_1_1"> Receivables from Brokers-Dealers and Clearing Organizations </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ReceivablesFromBrokersDealersAndClearingOrganizations_lbl" xml:lang="en-US" id="id_8104553_2038047_2_1"> Brokers, dealers and clearing organizations </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_ReceivablesFromBrokersDealersAndClearingOrganizations_lbl" xml:lang="en-US" id="id_8104553_2038047_12_1"> Receivables from brokers, dealers and clearing organizations </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ReceivablesFromBrokersDealersAndClearingOrganizations" xlink:to="us-gaap_ReceivablesFromBrokersDealersAndClearingOrganizations_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ReceivablesFromCustomers" xlink:label="us-gaap_ReceivablesFromCustomers"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ReceivablesFromCustomers_lbl" xml:lang="en-US" id="id_8104553_2028281_1_1"> Receivables from Customers </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ReceivablesFromCustomers_lbl" xml:lang="en-US" id="id_8104553_2028281_2_1"> Customers and counterparties (includes $3,297 and $4,992 at fair value as of September 2016 and December 2015, respectively) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ReceivablesFromCustomers" xlink:to="us-gaap_ReceivablesFromCustomers_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_ReceivablesFromCustomersAndCounterpartiesAtFairValueMember" xlink:label="gs_ReceivablesFromCustomersAndCounterpartiesAtFairValueMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_ReceivablesFromCustomersAndCounterpartiesAtFairValueMember_lbl" xml:lang="en-US" id="id_8104553_2160696_3_1"> Receivables from customers and counterparties at fair value. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_ReceivablesFromCustomersAndCounterpartiesAtFairValueMember_lbl" xml:lang="en-US" id="id_8104553_2160696_1_1"> Receivables From Customers And Counterparties At Fair Value [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_ReceivablesFromCustomersAndCounterpartiesAtFairValueMember_lbl" xml:lang="en-US" id="id_8104553_2160696_2_1"> Receivables from Customers and Counterparties at Fair Value [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_ReceivablesFromCustomersAndCounterpartiesAtFairValueMember" xlink:to="gs_ReceivablesFromCustomersAndCounterpartiesAtFairValueMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_ReceivablesFromCustomersAndCounterpartiesPolicyTextBlock" xlink:label="gs_ReceivablesFromCustomersAndCounterpartiesPolicyTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_ReceivablesFromCustomersAndCounterpartiesPolicyTextBlock_lbl" xml:lang="en-US" id="id_8104553_2320538_3_1"> Describes an entity's accounting policy for receivables from customers and counterparties and the basis at which such receivables are carried in the entity's statements of financial condition. It also describes the entity's accounting policy on recognition of interest income on such receivables. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_ReceivablesFromCustomersAndCounterpartiesPolicyTextBlock_lbl" xml:lang="en-US" id="id_8104553_2320538_1_1"> Receivables From Customers And Counterparties Policy [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_ReceivablesFromCustomersAndCounterpartiesPolicyTextBlock_lbl" xml:lang="en-US" id="id_8104553_2320538_2_1"> Receivables from Customers and Counterparties, Policy </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_ReceivablesFromCustomersAndCounterpartiesPolicyTextBlock" xlink:to="gs_ReceivablesFromCustomersAndCounterpartiesPolicyTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ReceivableTypeDomain" xlink:label="us-gaap_ReceivableTypeDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ReceivableTypeDomain_lbl" xml:lang="en-US" id="id_8104553_2037299_1_1"> Receivable [Domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ReceivableTypeDomain_lbl" xml:lang="en-US" id="id_8104553_2037299_2_1"> Receivable [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ReceivableTypeDomain" xlink:to="us-gaap_ReceivableTypeDomain_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_RecentAccountingDevelopmentsPolicyTextBlock" xlink:label="gs_RecentAccountingDevelopmentsPolicyTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_RecentAccountingDevelopmentsPolicyTextBlock_lbl" xml:lang="en-US" id="id_8104553_2193842_3_1"> Provides a description of recent accounting pronouncements that have been (1) adopted by the entity and (2) accounting pronouncements that have been issued but not yet adopted by the entity. For recent accounting pronouncement adopted, the disclosure includes: (1) the nature of and reason for the change; (2) the method of applying the change; and (3) the impact to the entity's financial condition, results of operations and cash flow or a statement that the impact was immaterial. For new accounting pronouncements that have been issued but not yet adopted, the disclosure includes: (1) a description of the new pronouncement, the date that adoption is required and the date that the entity plans to adopt, if earlier; (2) a discussion of the methods of adoption allowed by the pronouncement and the method expected to be utilized by the entity, if determined; (3) a discussion of the impact that adoption of the pronouncement is expected to have on the financial condition, results of operations and cash flows of the entity (or a statement that the impact is expected to be immaterial), unless such impact is not known or reasonably estimable (in which case, a statement to that effect should be made); and (4) the potential impact of other significant matters that the entity believes might result from the adoption of the pronouncement (for example, technical violations of debt covenant agreements and planned or intended changes in business practices.) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_RecentAccountingDevelopmentsPolicyTextBlock_lbl" xml:lang="en-US" id="id_8104553_2193842_1_1"> Recent Accounting Developments Policy [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_RecentAccountingDevelopmentsPolicyTextBlock_lbl" xml:lang="en-US" id="id_8104553_2193842_2_1"> Recent Accounting Developments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_RecentAccountingDevelopmentsPolicyTextBlock" xlink:to="gs_RecentAccountingDevelopmentsPolicyTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_ReclassificationOfCumulativeDebtValuationAdjustmentNetOfTaxFromRetainedEarningsToAccumulatedOtherComprehensiveLoss" xlink:label="gs_ReclassificationOfCumulativeDebtValuationAdjustmentNetOfTaxFromRetainedEarningsToAccumulatedOtherComprehensiveLoss"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_ReclassificationOfCumulativeDebtValuationAdjustmentNetOfTaxFromRetainedEarningsToAccumulatedOtherComprehensiveLoss_lbl" xml:lang="en-US" id="id_8104553_2385175_3_1"> Reclassification of cumulative debt valuation adjustment, net of tax, from retained earnings to accumulated other comprehensive loss. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_ReclassificationOfCumulativeDebtValuationAdjustmentNetOfTaxFromRetainedEarningsToAccumulatedOtherComprehensiveLoss_lbl" xml:lang="en-US" id="id_8104553_2385175_1_1"> Reclassification of Cumulative Debt Valuation Adjustment Net of Tax from Retained Earnings to Accumulated Other Comprehensive Loss </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_ReclassificationOfCumulativeDebtValuationAdjustmentNetOfTaxFromRetainedEarningsToAccumulatedOtherComprehensiveLoss_lbl" xml:lang="en-US" id="id_8104553_2385175_2_1"> Reclassification of cumulative debt valuation adjustment, net of tax, from retained earnings to accumulated other comprehensive loss </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_ReclassificationOfCumulativeDebtValuationAdjustmentNetOfTaxFromRetainedEarningsToAccumulatedOtherComprehensiveLoss" xlink:to="gs_ReclassificationOfCumulativeDebtValuationAdjustmentNetOfTaxFromRetainedEarningsToAccumulatedOtherComprehensiveLoss_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_RedeemablePreferredStockOutstanding" xlink:label="gs_RedeemablePreferredStockOutstanding"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_RedeemablePreferredStockOutstanding_lbl" xml:lang="en-US" id="id_8104553_2288007_3_1"> The number of redeemable preferred shares that have been issued and are held by the entity's shareholders. Shares outstanding equals shares issued minus shares held in treasury. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_RedeemablePreferredStockOutstanding_lbl" xml:lang="en-US" id="id_8104553_2288007_1_1"> Redeemable Preferred Stock Outstanding </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_RedeemablePreferredStockOutstanding_lbl" xml:lang="en-US" id="id_8104553_2288007_2_1"> Shares Outstanding </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_RedeemablePreferredStockOutstanding" xlink:to="gs_RedeemablePreferredStockOutstanding_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_RedesignationOfJuniorSubordinatedDebtIssuedToTrustsTier1Capital" xlink:label="gs_RedesignationOfJuniorSubordinatedDebtIssuedToTrustsTier1Capital"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_RedesignationOfJuniorSubordinatedDebtIssuedToTrustsTier1Capital_lbl" xml:lang="en-US" id="id_8104553_2385187_3_1"> Redesignation of junior subordinated debt issued to trusts tier 1 capital . </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_RedesignationOfJuniorSubordinatedDebtIssuedToTrustsTier1Capital_lbl" xml:lang="en-US" id="id_8104553_2385187_1_1"> Redesignation of Junior Subordinated Debt Issued to Trusts Tier1 Capital </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="gs_RedesignationOfJuniorSubordinatedDebtIssuedToTrustsTier1Capital_lbl" xml:lang="en-US" id="id_8104553_2385187_14_1"> Redesignation of junior subordinated debt issued to trusts </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_RedesignationOfJuniorSubordinatedDebtIssuedToTrustsTier1Capital" xlink:to="gs_RedesignationOfJuniorSubordinatedDebtIssuedToTrustsTier1Capital_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_RedesignationOfJuniorSubordinatedDebtIssuedToTrustsTier2Capital" xlink:label="gs_RedesignationOfJuniorSubordinatedDebtIssuedToTrustsTier2Capital"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_RedesignationOfJuniorSubordinatedDebtIssuedToTrustsTier2Capital_lbl" xml:lang="en-US" id="id_8104553_2385188_3_1"> Redesignation of junior subordinated debt issued to trusts tier 2 capital. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_RedesignationOfJuniorSubordinatedDebtIssuedToTrustsTier2Capital_lbl" xml:lang="en-US" id="id_8104553_2385188_1_1"> Redesignation of Junior Subordinated Debt Issued to Trusts Tier2 Capital </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="gs_RedesignationOfJuniorSubordinatedDebtIssuedToTrustsTier2Capital_lbl" xml:lang="en-US" id="id_8104553_2385188_14_1"> Redesignation of junior subordinated debt issued to trusts </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_RedesignationOfJuniorSubordinatedDebtIssuedToTrustsTier2Capital" xlink:to="gs_RedesignationOfJuniorSubordinatedDebtIssuedToTrustsTier2Capital_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_ReductionInEntitysLongTermCreditRatingsAxis" xlink:label="gs_ReductionInEntitysLongTermCreditRatingsAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_ReductionInEntitysLongTermCreditRatingsAxis_lbl" xml:lang="en-US" id="id_8104553_2335187_3_1"> Reduction In Entity's Long Term Credit Ratings Axis. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_ReductionInEntitysLongTermCreditRatingsAxis_lbl" xml:lang="en-US" id="id_8104553_2335187_1_1"> Reduction In Entitys Long Term Credit Ratings [Axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_ReductionInEntitysLongTermCreditRatingsAxis_lbl" xml:lang="en-US" id="id_8104553_2335187_2_1"> Reduction In Entitys Long Term Credit Ratings [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_ReductionInEntitysLongTermCreditRatingsAxis" xlink:to="gs_ReductionInEntitysLongTermCreditRatingsAxis_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_ReductionInEntitysLongTermCreditRatingsDomain" xlink:label="gs_ReductionInEntitysLongTermCreditRatingsDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_ReductionInEntitysLongTermCreditRatingsDomain_lbl" xml:lang="en-US" id="id_8104553_2261227_3_1"> Reduction In Entitys Long Term Credit Ratings [Domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_ReductionInEntitysLongTermCreditRatingsDomain_lbl" xml:lang="en-US" id="id_8104553_2261227_1_1"> Reduction In Entitys Long Term Credit Ratings [Domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_ReductionInEntitysLongTermCreditRatingsDomain_lbl" xml:lang="en-US" id="id_8104553_2261227_2_1"> Reduction In Entitys Long Term Credit Ratings [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_ReductionInEntitysLongTermCreditRatingsDomain" xlink:to="gs_ReductionInEntitysLongTermCreditRatingsDomain_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_RegulationAndCapitalAdequacyAbstract" xlink:label="gs_RegulationAndCapitalAdequacyAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_RegulationAndCapitalAdequacyAbstract_lbl" xml:lang="en-US" id="id_8104553_2233316_3_1"> Regulation And Capital Adequacy. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_RegulationAndCapitalAdequacyAbstract_lbl" xml:lang="en-US" id="id_8104553_2233316_1_1"> Regulation And Capital Adequacy [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_RegulationAndCapitalAdequacyAbstract_lbl" xml:lang="en-US" id="id_8104553_2233316_2_1"> Regulation And Capital Adequacy [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_RegulationAndCapitalAdequacyAbstract" xlink:to="gs_RegulationAndCapitalAdequacyAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_RegulationAndCapitalAdequacyTextBlock" xlink:label="gs_RegulationAndCapitalAdequacyTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_RegulationAndCapitalAdequacyTextBlock_lbl" xml:lang="en-US" id="id_8104553_2347256_3_1"> This element discusses the regulatory structure surrounding the firm's activities. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_RegulationAndCapitalAdequacyTextBlock_lbl" xml:lang="en-US" id="id_8104553_2347256_1_1"> Regulation And Capital Adequacy [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_RegulationAndCapitalAdequacyTextBlock_lbl" xml:lang="en-US" id="id_8104553_2347256_2_1"> Regulation and Capital Adequacy </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_RegulationAndCapitalAdequacyTextBlock" xlink:to="gs_RegulationAndCapitalAdequacyTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_RegulatoryCapitalRequirementsTableTextBlock" xlink:label="gs_RegulatoryCapitalRequirementsTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_RegulatoryCapitalRequirementsTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2325271_3_1"> Regulatory Capital Requirements Table [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_RegulatoryCapitalRequirementsTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2325271_1_1"> Regulatory Capital Requirements Table [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_RegulatoryCapitalRequirementsTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2325271_2_1"> Minimum Capital Ratios </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_RegulatoryCapitalRequirementsTableTextBlock" xlink:to="gs_RegulatoryCapitalRequirementsTableTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_RegulatoryFrameworkAxis" xlink:label="gs_RegulatoryFrameworkAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_RegulatoryFrameworkAxis_lbl" xml:lang="en-US" id="id_8104553_2234786_3_1"> Regulatory Framework [Axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_RegulatoryFrameworkAxis_lbl" xml:lang="en-US" id="id_8104553_2234786_1_1"> Regulatory Framework [Axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_RegulatoryFrameworkAxis_lbl" xml:lang="en-US" id="id_8104553_2234786_2_1"> Regulatory Framework [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_RegulatoryFrameworkAxis" xlink:to="gs_RegulatoryFrameworkAxis_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_RegulatoryFrameworkDomain" xlink:label="gs_RegulatoryFrameworkDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_RegulatoryFrameworkDomain_lbl" xml:lang="en-US" id="id_8104553_2151079_3_1"> Regulatory Framework [Domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_RegulatoryFrameworkDomain_lbl" xml:lang="en-US" id="id_8104553_2151079_1_1"> Regulatory Framework [Domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_RegulatoryFrameworkDomain_lbl" xml:lang="en-US" id="id_8104553_2151079_2_1"> Regulatory Framework [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_RegulatoryFrameworkDomain" xlink:to="gs_RegulatoryFrameworkDomain_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_RegulatoryVarMember" xlink:label="gs_RegulatoryVarMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_RegulatoryVarMember_lbl" xml:lang="en-US" id="id_8104553_2061407_3_1"> Regulatory VaR [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_RegulatoryVarMember_lbl" xml:lang="en-US" id="id_8104553_2061407_1_1"> Regulatory VaR [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_RegulatoryVarMember_lbl" xml:lang="en-US" id="id_8104553_2061407_2_1"> Regulatory VaR [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_RegulatoryVarMember" xlink:to="gs_RegulatoryVarMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_RepaymentOfOtherSecuredFinancingsLongTermIncludingCurrentPortion" xlink:label="gs_RepaymentOfOtherSecuredFinancingsLongTermIncludingCurrentPortion"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_RepaymentOfOtherSecuredFinancingsLongTermIncludingCurrentPortion_lbl" xml:lang="en-US" id="id_8104553_2245867_3_1"> The cash outflow associated with the repayment of other secured financings with original maturity dates in excess of one year. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_RepaymentOfOtherSecuredFinancingsLongTermIncludingCurrentPortion_lbl" xml:lang="en-US" id="id_8104553_2245867_1_1"> Repayment Of Other Secured Financings Long Term Including Current Portion </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="gs_RepaymentOfOtherSecuredFinancingsLongTermIncludingCurrentPortion_lbl" xml:lang="en-US" id="id_8104553_2245867_14_1"> Repayment of other secured financings (long-term), including the current portion </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_RepaymentOfOtherSecuredFinancingsLongTermIncludingCurrentPortion" xlink:to="gs_RepaymentOfOtherSecuredFinancingsLongTermIncludingCurrentPortion_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_RepaymentsOfUnsecuredLongTermBorrowingsIncludingCurrentPortion" xlink:label="gs_RepaymentsOfUnsecuredLongTermBorrowingsIncludingCurrentPortion"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_RepaymentsOfUnsecuredLongTermBorrowingsIncludingCurrentPortion_lbl" xml:lang="en-US" id="id_8104553_2273555_3_1"> The cash outflow associated with the repayment of unsecured borrowings with original maturity dates in excess of one year. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_RepaymentsOfUnsecuredLongTermBorrowingsIncludingCurrentPortion_lbl" xml:lang="en-US" id="id_8104553_2273555_1_1"> Repayments Of Unsecured Long Term Borrowings Including Current Portion </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="gs_RepaymentsOfUnsecuredLongTermBorrowingsIncludingCurrentPortion_lbl" xml:lang="en-US" id="id_8104553_2273555_14_1"> Repayment of unsecured long-term borrowings, including the current portion </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_RepaymentsOfUnsecuredLongTermBorrowingsIncludingCurrentPortion" xlink:to="gs_RepaymentsOfUnsecuredLongTermBorrowingsIncludingCurrentPortion_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_ResaleAndRepurchaseAgreementsAndSecuritiesBorrowedAndLoanedTransactionsTableTextBlock" xlink:label="gs_ResaleAndRepurchaseAgreementsAndSecuritiesBorrowedAndLoanedTransactionsTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_ResaleAndRepurchaseAgreementsAndSecuritiesBorrowedAndLoanedTransactionsTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2130080_3_1"> Resale and repurchase agreements and securities borrowed and loaned transactions. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_ResaleAndRepurchaseAgreementsAndSecuritiesBorrowedAndLoanedTransactionsTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2130080_1_1"> Resale And Repurchase Agreements And Securities Borrowed And Loaned Transactions Table [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_ResaleAndRepurchaseAgreementsAndSecuritiesBorrowedAndLoanedTransactionsTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2130080_2_1"> Resale and Repurchase Agreements and Securities Borrowed and Loaned Transactions </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_ResaleAndRepurchaseAgreementsAndSecuritiesBorrowedAndLoanedTransactionsTableTextBlock" xlink:to="gs_ResaleAndRepurchaseAgreementsAndSecuritiesBorrowedAndLoanedTransactionsTableTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ReserveQuantitiesByTypeOfReserveAxis" xlink:label="us-gaap_ReserveQuantitiesByTypeOfReserveAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ReserveQuantitiesByTypeOfReserveAxis_lbl" xml:lang="en-US" id="id_8104553_2039875_1_1"> Petroleum Reserves [Axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ReserveQuantitiesByTypeOfReserveAxis_lbl" xml:lang="en-US" id="id_8104553_2039875_2_1"> Petroleum Reserves [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ReserveQuantitiesByTypeOfReserveAxis" xlink:to="us-gaap_ReserveQuantitiesByTypeOfReserveAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ResidentialMortgageBackedSecuritiesMember" xlink:label="us-gaap_ResidentialMortgageBackedSecuritiesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ResidentialMortgageBackedSecuritiesMember_lbl" xml:lang="en-US" id="id_8104553_2040271_1_1"> Residential Mortgage Backed Securities [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ResidentialMortgageBackedSecuritiesMember_lbl" xml:lang="en-US" id="id_8104553_2040271_2_1"> Other Residential Mortgage-backed Securities [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ResidentialMortgageBackedSecuritiesMember" xlink:to="us-gaap_ResidentialMortgageBackedSecuritiesMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_RestrictedStockUnitsAndEmployeeStockOptionsMember" xlink:label="gs_RestrictedStockUnitsAndEmployeeStockOptionsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_RestrictedStockUnitsAndEmployeeStockOptionsMember_lbl" xml:lang="en-US" id="id_8104553_2279781_3_1"> Restricted Stock Units And Employee Stock Options [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_RestrictedStockUnitsAndEmployeeStockOptionsMember_lbl" xml:lang="en-US" id="id_8104553_2279781_1_1"> Restricted Stock Units And Employee Stock Options [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_RestrictedStockUnitsAndEmployeeStockOptionsMember_lbl" xml:lang="en-US" id="id_8104553_2279781_2_1"> Share-Based Awards [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_RestrictedStockUnitsAndEmployeeStockOptionsMember" xlink:to="gs_RestrictedStockUnitsAndEmployeeStockOptionsMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_RestrictedStockUnitsForDilutedEarningsPerShareCalculation" xlink:label="gs_RestrictedStockUnitsForDilutedEarningsPerShareCalculation"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_RestrictedStockUnitsForDilutedEarningsPerShareCalculation_lbl" xml:lang="en-US" id="id_8104553_2328278_3_1"> Represents RSUs included in the calculation of diluted earnings per share. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_RestrictedStockUnitsForDilutedEarningsPerShareCalculation_lbl" xml:lang="en-US" id="id_8104553_2328278_1_1"> Restricted Stock Units For Diluted Earnings Per Share Calculation </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_RestrictedStockUnitsForDilutedEarningsPerShareCalculation_lbl" xml:lang="en-US" id="id_8104553_2328278_2_1"> RSUs </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_RestrictedStockUnitsForDilutedEarningsPerShareCalculation" xlink:to="gs_RestrictedStockUnitsForDilutedEarningsPerShareCalculation_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RetainedEarningsAccumulatedDeficit" xlink:label="us-gaap_RetainedEarningsAccumulatedDeficit"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RetainedEarningsAccumulatedDeficit_lbl" xml:lang="en-US" id="id_8104553_2037317_1_1"> Retained Earnings (Accumulated Deficit) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_RetainedEarningsAccumulatedDeficit_lbl" xml:lang="en-US" id="id_8104553_2037317_2_1"> Retained earnings </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RetainedEarningsAccumulatedDeficit" xlink:to="us-gaap_RetainedEarningsAccumulatedDeficit_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RetainedEarningsMember" xlink:label="us-gaap_RetainedEarningsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RetainedEarningsMember_lbl" xml:lang="en-US" id="id_8104553_2037658_1_1"> Retained Earnings [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_RetainedEarningsMember_lbl" xml:lang="en-US" id="id_8104553_2037658_2_1"> Retained Earnings [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RetainedEarningsMember" xlink:to="us-gaap_RetainedEarningsMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RetainedInterestFairValueDisclosure" xlink:label="us-gaap_RetainedInterestFairValueDisclosure"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RetainedInterestFairValueDisclosure_lbl" xml:lang="en-US" id="id_8104553_2028295_1_1"> Retained Interest, Fair Value Disclosure </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_RetainedInterestFairValueDisclosure_lbl" xml:lang="en-US" id="id_8104553_2028295_2_1"> Fair value of retained interests </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RetainedInterestFairValueDisclosure" xlink:to="us-gaap_RetainedInterestFairValueDisclosure_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_RetainedInterests" xlink:label="gs_RetainedInterests"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_RetainedInterests_lbl" xml:lang="en-US" id="id_8104553_2076283_3_1"> Retained interest continued to be held by a transferor after transferring financial assets to a third party. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_RetainedInterests_lbl" xml:lang="en-US" id="id_8104553_2076283_1_1"> Retained Interests </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_RetainedInterests_lbl" xml:lang="en-US" id="id_8104553_2076283_2_1"> Retained interests </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_RetainedInterests" xlink:to="gs_RetainedInterests_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_RetainedInterestsMaximumExposureToLossMember" xlink:label="gs_RetainedInterestsMaximumExposureToLossMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_RetainedInterestsMaximumExposureToLossMember_lbl" xml:lang="en-US" id="id_8104553_2310444_3_1"> Retained interests, maximum exposure to loss. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_RetainedInterestsMaximumExposureToLossMember_lbl" xml:lang="en-US" id="id_8104553_2310444_1_1"> Retained Interests Maximum Exposure To Loss [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_RetainedInterestsMaximumExposureToLossMember_lbl" xml:lang="en-US" id="id_8104553_2310444_2_1"> Retained Interests, Maximum Exposure to Loss [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_RetainedInterestsMaximumExposureToLossMember" xlink:to="gs_RetainedInterestsMaximumExposureToLossMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_RevenueFromAffiliatedFunds" xlink:label="gs_RevenueFromAffiliatedFunds"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_RevenueFromAffiliatedFunds_lbl" xml:lang="en-US" id="id_8104553_2215195_3_1"> Management fees, advisory fees, incentive fees or overrides from nonconsolidated investment funds. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_RevenueFromAffiliatedFunds_lbl" xml:lang="en-US" id="id_8104553_2215195_1_1"> Revenue From Affiliated Funds </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_RevenueFromAffiliatedFunds_lbl" xml:lang="en-US" id="id_8104553_2215195_2_1"> Fees earned from funds </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_RevenueFromAffiliatedFunds" xlink:to="gs_RevenueFromAffiliatedFunds_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RevenueRecognitionInterest" xlink:label="us-gaap_RevenueRecognitionInterest"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RevenueRecognitionInterest_lbl" xml:lang="en-US" id="id_8104553_2037663_1_1"> Revenue Recognition, Interest [Policy Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_RevenueRecognitionInterest_lbl" xml:lang="en-US" id="id_8104553_2037663_2_1"> Interest Income and Interest Expense, Policy </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RevenueRecognitionInterest" xlink:to="us-gaap_RevenueRecognitionInterest_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RevenueRecognitionPolicyTextBlock" xlink:label="us-gaap_RevenueRecognitionPolicyTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RevenueRecognitionPolicyTextBlock_lbl" xml:lang="en-US" id="id_8104553_2039697_1_1"> Revenue Recognition, Policy [Policy Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_RevenueRecognitionPolicyTextBlock_lbl" xml:lang="en-US" id="id_8104553_2039697_2_1"> Revenue Recognition, Policy </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RevenueRecognitionPolicyTextBlock" xlink:to="us-gaap_RevenueRecognitionPolicyTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RevenuesAbstract" xlink:label="us-gaap_RevenuesAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RevenuesAbstract_lbl" xml:lang="en-US" id="id_8104553_2040091_1_1"> Revenues [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_RevenuesAbstract_lbl" xml:lang="en-US" id="id_8104553_2040091_2_1"> Revenues </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RevenuesAbstract" xlink:to="us-gaap_RevenuesAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RevenuesNetOfInterestExpense" xlink:label="us-gaap_RevenuesNetOfInterestExpense"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RevenuesNetOfInterestExpense_lbl" xml:lang="en-US" id="id_8104553_2039517_1_1"> Revenues, Net of Interest Expense </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_RevenuesNetOfInterestExpense_lbl" xml:lang="en-US" id="id_8104553_2039517_2_1"> Net revenues </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_RevenuesNetOfInterestExpense_lbl" xml:lang="en-US" id="id_8104553_2039517_6_1"> Net revenues, including net interest income </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RevenuesNetOfInterestExpense" xlink:to="us-gaap_RevenuesNetOfInterestExpense_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ReverseRepurchaseAgreementsSegregatedUnderSecuritiesExchangeCommissionRegulation" xlink:label="us-gaap_ReverseRepurchaseAgreementsSegregatedUnderSecuritiesExchangeCommissionRegulation"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ReverseRepurchaseAgreementsSegregatedUnderSecuritiesExchangeCommissionRegulation_lbl" xml:lang="en-US" id="id_8104553_2040279_1_1"> Reverse Repurchase Agreements Segregated under Securities Exchange Commission Regulation </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ReverseRepurchaseAgreementsSegregatedUnderSecuritiesExchangeCommissionRegulation_lbl" xml:lang="en-US" id="id_8104553_2040279_2_1"> Securities received under resale agreements segregated to satisfy certain regulatory requirements </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ReverseRepurchaseAgreementsSegregatedUnderSecuritiesExchangeCommissionRegulation" xlink:to="us-gaap_ReverseRepurchaseAgreementsSegregatedUnderSecuritiesExchangeCommissionRegulation_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_RiskBasedRatiosCapitalConservationBufferPhaseInRatio" xlink:label="gs_RiskBasedRatiosCapitalConservationBufferPhaseInRatio"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_RiskBasedRatiosCapitalConservationBufferPhaseInRatio_lbl" xml:lang="en-US" id="id_8104553_2385189_3_1"> Represents applicable phase-in of the capital conservation buffer. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_RiskBasedRatiosCapitalConservationBufferPhaseInRatio_lbl" xml:lang="en-US" id="id_8104553_2385189_1_1"> Risk Based Ratios Capital Conservation Buffer Phase In Ratio </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_RiskBasedRatiosCapitalConservationBufferPhaseInRatio_lbl" xml:lang="en-US" id="id_8104553_2385189_2_1"> Capital conservation buffer </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_RiskBasedRatiosCapitalConservationBufferPhaseInRatio" xlink:to="gs_RiskBasedRatiosCapitalConservationBufferPhaseInRatio_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_RiskBasedRatiosCounterCyclicalCapitalBufferRatio" xlink:label="gs_RiskBasedRatiosCounterCyclicalCapitalBufferRatio"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_RiskBasedRatiosCounterCyclicalCapitalBufferRatio_lbl" xml:lang="en-US" id="id_8104553_2385190_3_1"> Represents the current amount of the counter cyclical buffer set by the Federal Reserve. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_RiskBasedRatiosCounterCyclicalCapitalBufferRatio_lbl" xml:lang="en-US" id="id_8104553_2385190_1_1"> Risk Based Ratios Counter Cyclical Capital Buffer Ratio </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_RiskBasedRatiosCounterCyclicalCapitalBufferRatio_lbl" xml:lang="en-US" id="id_8104553_2385190_2_1"> Counter-cyclical capital buffer </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_RiskBasedRatiosCounterCyclicalCapitalBufferRatio" xlink:to="gs_RiskBasedRatiosCounterCyclicalCapitalBufferRatio_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_RiskBasedRatiosGlobalSystemicallyImportantBankBufferPhaseInRatio" xlink:label="gs_RiskBasedRatiosGlobalSystemicallyImportantBankBufferPhaseInRatio"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_RiskBasedRatiosGlobalSystemicallyImportantBankBufferPhaseInRatio_lbl" xml:lang="en-US" id="id_8104553_2385191_3_1"> The phase-in of the Global Systemically Important Bank (G-SIB) buffer. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_RiskBasedRatiosGlobalSystemicallyImportantBankBufferPhaseInRatio_lbl" xml:lang="en-US" id="id_8104553_2385191_1_1"> Risk Based Ratios Global Systemically Important Bank Buffer Phase In Ratio </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_RiskBasedRatiosGlobalSystemicallyImportantBankBufferPhaseInRatio_lbl" xml:lang="en-US" id="id_8104553_2385191_2_1"> Global Systemically Important Bank (G-SIB) buffer </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_RiskBasedRatiosGlobalSystemicallyImportantBankBufferPhaseInRatio" xlink:to="gs_RiskBasedRatiosGlobalSystemicallyImportantBankBufferPhaseInRatio_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_RiskBasedRatiosGlobalSystemicallyImportantBankBufferRatio" xlink:label="gs_RiskBasedRatiosGlobalSystemicallyImportantBankBufferRatio"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_RiskBasedRatiosGlobalSystemicallyImportantBankBufferRatio_lbl" xml:lang="en-US" id="id_8104553_2385192_3_1"> Current G-SIB buffer applicable to the firm in the current period. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_RiskBasedRatiosGlobalSystemicallyImportantBankBufferRatio_lbl" xml:lang="en-US" id="id_8104553_2385192_1_1"> Risk Based Ratios Global Systemically Important Bank Buffer Ratio </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_RiskBasedRatiosGlobalSystemicallyImportantBankBufferRatio_lbl" xml:lang="en-US" id="id_8104553_2385192_2_1"> G-SIB buffer </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_RiskBasedRatiosGlobalSystemicallyImportantBankBufferRatio" xlink:to="gs_RiskBasedRatiosGlobalSystemicallyImportantBankBufferRatio_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RisksAndUncertaintiesAbstract" xlink:label="us-gaap_RisksAndUncertaintiesAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RisksAndUncertaintiesAbstract_lbl" xml:lang="en-US" id="id_8104553_2036229_1_1"> Risks and Uncertainties [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_RisksAndUncertaintiesAbstract_lbl" xml:lang="en-US" id="id_8104553_2036229_2_1"> Risks and Uncertainties [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RisksAndUncertaintiesAbstract" xlink:to="us-gaap_RisksAndUncertaintiesAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RiskWeightedAssets" xlink:label="us-gaap_RiskWeightedAssets"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RiskWeightedAssets_lbl" xml:lang="en-US" id="id_8104553_2028300_1_1"> Risk Weighted Assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_RiskWeightedAssets_lbl" xml:lang="en-US" id="id_8104553_2028300_4_1"> Risk-Weighted Assets, end of period </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_RiskWeightedAssets_lbl" xml:lang="en-US" id="id_8104553_2028300_5_1"> Risk-Weighted Assets, Beginning balance </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_RiskWeightedAssets_lbl" xml:lang="en-US" id="id_8104553_2028300_2_1"> Risk-weighted assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_RiskWeightedAssets_lbl" xml:lang="en-US" id="id_8104553_2028300_6_1"> Total RWAs </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_RiskWeightedAssets_lbl" xml:lang="en-US" id="id_8104553_2028300_12_1"> RWAs </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RiskWeightedAssets" xlink:to="us-gaap_RiskWeightedAssets_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_SavingsAndDemandDeposits" xlink:label="gs_SavingsAndDemandDeposits"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_SavingsAndDemandDeposits_lbl" xml:lang="en-US" id="id_8104553_2366513_3_1"> The amount of savings and demand deposits with no stated maturity. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_SavingsAndDemandDeposits_lbl" xml:lang="en-US" id="id_8104553_2366513_1_1"> Savings And Demand Deposits </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_SavingsAndDemandDeposits_lbl" xml:lang="en-US" id="id_8104553_2366513_2_1"> Savings and Demand </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_SavingsAndDemandDeposits" xlink:to="gs_SavingsAndDemandDeposits_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable" xlink:label="us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_lbl" xml:lang="en-US" id="id_8104553_2036418_1_1"> Schedule of Accounts, Notes, Loans and Financing Receivable [Table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_lbl" xml:lang="en-US" id="id_8104553_2036418_2_1"> Schedule of Accounts, Notes, Loans and Financing Receivable [Table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable" xlink:to="us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock" xlink:label="us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2039093_1_1"> Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2039093_2_1"> Summary of Loans Receivable </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock" xlink:to="us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock" xlink:label="us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2036419_1_1"> Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2036419_2_1"> Accumulated Other Comprehensive Income, Net of Tax </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock" xlink:to="us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_ScheduleOfChangeInRegulatoryCapitalTableTextBlock" xlink:label="gs_ScheduleOfChangeInRegulatoryCapitalTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_ScheduleOfChangeInRegulatoryCapitalTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2160727_3_1"> Schedule of change in regulatory capital. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_ScheduleOfChangeInRegulatoryCapitalTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2160727_1_1"> Schedule Of Change In Regulatory Capital [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_ScheduleOfChangeInRegulatoryCapitalTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2160727_2_1"> Capital Rollforward </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_ScheduleOfChangeInRegulatoryCapitalTableTextBlock" xlink:to="gs_ScheduleOfChangeInRegulatoryCapitalTableTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_ScheduleOfChangeInRwasTableTextBlock" xlink:label="gs_ScheduleOfChangeInRwasTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_ScheduleOfChangeInRwasTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2105418_3_1"> Schedule of change in RWAs. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_ScheduleOfChangeInRwasTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2105418_1_1"> Schedule Of Change In RWAs [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_ScheduleOfChangeInRwasTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2105418_2_1"> Risk-weighted Assets Rollforward </label>
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<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_ScheduleOfCommonStockRepurchasedTableTextBlock" xlink:label="gs_ScheduleOfCommonStockRepurchasedTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_ScheduleOfCommonStockRepurchasedTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2263297_3_1"> Schedule of common stock repurchased. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_ScheduleOfCommonStockRepurchasedTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2263297_1_1"> Schedule Of Common Stock Repurchased Table [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_ScheduleOfCommonStockRepurchasedTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2263297_2_1"> Summary of Amount of Common Stock Repurchased by the Firm </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_ScheduleOfCommonStockRepurchasedTableTextBlock" xlink:to="gs_ScheduleOfCommonStockRepurchasedTableTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ScheduleOfComplianceWithRegulatoryCapitalRequirementsUnderBankingRegulationsTable" xlink:label="us-gaap_ScheduleOfComplianceWithRegulatoryCapitalRequirementsUnderBankingRegulationsTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfComplianceWithRegulatoryCapitalRequirementsUnderBankingRegulationsTable_lbl" xml:lang="en-US" id="id_8104553_2037906_1_1"> Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ScheduleOfComplianceWithRegulatoryCapitalRequirementsUnderBankingRegulationsTable_lbl" xml:lang="en-US" id="id_8104553_2037906_2_1"> Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table] </label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ScheduleOfComplianceWithRegulatoryCapitalRequirementsUnderBankingRegulationsTextBlock" xlink:label="us-gaap_ScheduleOfComplianceWithRegulatoryCapitalRequirementsUnderBankingRegulationsTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfComplianceWithRegulatoryCapitalRequirementsUnderBankingRegulationsTextBlock_lbl" xml:lang="en-US" id="id_8104553_2040718_1_1"> Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ScheduleOfComplianceWithRegulatoryCapitalRequirementsUnderBankingRegulationsTextBlock_lbl" xml:lang="en-US" id="id_8104553_2040718_2_1"> Capital Ratios </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfComplianceWithRegulatoryCapitalRequirementsUnderBankingRegulationsTextBlock" xlink:to="us-gaap_ScheduleOfComplianceWithRegulatoryCapitalRequirementsUnderBankingRegulationsTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_ScheduleOfComponentOfRwasTableTextBlock" xlink:label="gs_ScheduleOfComponentOfRwasTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_ScheduleOfComponentOfRwasTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2258745_3_1"> Schedule of component of RWAs. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_ScheduleOfComponentOfRwasTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2258745_1_1"> Schedule Of Component Of RWAs [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_ScheduleOfComponentOfRwasTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2258745_2_1"> Risk-weighted Assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_ScheduleOfComponentOfRwasTableTextBlock" xlink:to="gs_ScheduleOfComponentOfRwasTableTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock" xlink:label="us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock_lbl" xml:lang="en-US" id="id_8104553_2040099_1_1"> Derivative Instruments, Gain (Loss) [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock_lbl" xml:lang="en-US" id="id_8104553_2040099_2_1"> Gain (Loss) from Interest Rate Hedges and Related Hedged Borrowings and Deposits </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock" xlink:to="us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ScheduleOfDerivativeInstrumentsIncludedInTradingActivitiesTextBlock" xlink:label="us-gaap_ScheduleOfDerivativeInstrumentsIncludedInTradingActivitiesTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfDerivativeInstrumentsIncludedInTradingActivitiesTextBlock_lbl" xml:lang="en-US" id="id_8104553_2039522_1_1"> Schedule of Derivative Instruments Included in Trading Activities [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ScheduleOfDerivativeInstrumentsIncludedInTradingActivitiesTextBlock_lbl" xml:lang="en-US" id="id_8104553_2039522_2_1"> Gains and Losses from Market Making and Other Principal Transactions </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfDerivativeInstrumentsIncludedInTradingActivitiesTextBlock" xlink:to="us-gaap_ScheduleOfDerivativeInstrumentsIncludedInTradingActivitiesTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock" xlink:label="us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock_lbl" xml:lang="en-US" id="id_8104553_2039702_1_1"> Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock_lbl" xml:lang="en-US" id="id_8104553_2039702_2_1"> Fair Value of Derivatives on a Gross Basis </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock" xlink:to="us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock" xlink:label="us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2036959_1_1"> Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2036959_2_1"> Earnings Per Common Share </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock" xlink:to="us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock" xlink:label="us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2029172_1_1"> Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2029172_2_1"> Financial Assets and Financial Liabilities by Level </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock" xlink:to="us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ScheduleOfFinancingReceivableRecordedInvestmentCreditQualityIndicatorTable" xlink:label="us-gaap_ScheduleOfFinancingReceivableRecordedInvestmentCreditQualityIndicatorTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfFinancingReceivableRecordedInvestmentCreditQualityIndicatorTable_lbl" xml:lang="en-US" id="id_8104553_2035516_1_1"> Schedule of Financing Receivable, Recorded Investment, Credit Quality Indicator [Table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ScheduleOfFinancingReceivableRecordedInvestmentCreditQualityIndicatorTable_lbl" xml:lang="en-US" id="id_8104553_2035516_2_1"> Schedule of Financing Receivable, Recorded Investment, Credit Quality Indicator [Table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfFinancingReceivableRecordedInvestmentCreditQualityIndicatorTable" xlink:to="us-gaap_ScheduleOfFinancingReceivableRecordedInvestmentCreditQualityIndicatorTable_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock" xlink:label="us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2039705_1_1"> Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2039705_2_1"> Estimated Future Amortization for Existing Identifiable Intangible Assets Through 2021 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock" xlink:to="us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable" xlink:label="us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable_lbl" xml:lang="en-US" id="id_8104553_2041123_1_1"> Schedule of Finite-Lived Intangible Assets [Table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable_lbl" xml:lang="en-US" id="id_8104553_2041123_2_1"> Schedule of Finite-Lived Intangible Assets [Table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable" xlink:to="us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock" xlink:label="us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2037332_1_1"> Schedule of Finite-Lived Intangible Assets [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2037332_2_1"> Intangible Assets Disclosure </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock" xlink:to="us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock" xlink:label="us-gaap_ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2038476_1_1"> Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2038476_2_1"> Leases </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock" xlink:to="us-gaap_ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ScheduleOfGuaranteeObligationsTable" xlink:label="us-gaap_ScheduleOfGuaranteeObligationsTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfGuaranteeObligationsTable_lbl" xml:lang="en-US" id="id_8104553_2041124_1_1"> Schedule of Guarantor Obligations [Table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ScheduleOfGuaranteeObligationsTable_lbl" xml:lang="en-US" id="id_8104553_2041124_2_1"> Schedule of Guarantor Obligations [Table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfGuaranteeObligationsTable" xlink:to="us-gaap_ScheduleOfGuaranteeObligationsTable_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_ScheduleOfIntangibleAssetsAndGoodwillLineItems" xlink:label="gs_ScheduleOfIntangibleAssetsAndGoodwillLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_ScheduleOfIntangibleAssetsAndGoodwillLineItems_lbl" xml:lang="en-US" id="id_8104553_2302645_3_1"> Schedule Of Intangible Assets And Goodwill [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_ScheduleOfIntangibleAssetsAndGoodwillLineItems_lbl" xml:lang="en-US" id="id_8104553_2302645_1_1"> Schedule Of Intangible Assets And Goodwill [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_ScheduleOfIntangibleAssetsAndGoodwillLineItems_lbl" xml:lang="en-US" id="id_8104553_2302645_2_1"> Schedule Of Intangible Assets And Goodwill [Line Items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_ScheduleOfIntangibleAssetsAndGoodwillLineItems" xlink:to="gs_ScheduleOfIntangibleAssetsAndGoodwillLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_ScheduleOfIntangibleAssetsAndGoodwillTable" xlink:label="gs_ScheduleOfIntangibleAssetsAndGoodwillTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_ScheduleOfIntangibleAssetsAndGoodwillTable_lbl" xml:lang="en-US" id="id_8104553_2301577_3_1"> Schedule Of Intangible Assets And Goodwill [Table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_ScheduleOfIntangibleAssetsAndGoodwillTable_lbl" xml:lang="en-US" id="id_8104553_2301577_1_1"> Schedule Of Intangible Assets And Goodwill [Table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_ScheduleOfIntangibleAssetsAndGoodwillTable_lbl" xml:lang="en-US" id="id_8104553_2301577_2_1"> Schedule Of Intangible Assets And Goodwill [Table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_ScheduleOfIntangibleAssetsAndGoodwillTable" xlink:to="gs_ScheduleOfIntangibleAssetsAndGoodwillTable_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock" xlink:label="us-gaap_ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2037679_1_1"> Schedule of Intangible Assets and Goodwill [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2037679_2_1"> Goodwill and Intangible Assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock" xlink:to="us-gaap_ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_ScheduleOfMinimumRatiosAndWellCapitalizedMinimumRatiosTableTextBlock" xlink:label="gs_ScheduleOfMinimumRatiosAndWellCapitalizedMinimumRatiosTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_ScheduleOfMinimumRatiosAndWellCapitalizedMinimumRatiosTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2292091_3_1"> Schedule of minimum ratios and well capitalized minimum ratios. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_ScheduleOfMinimumRatiosAndWellCapitalizedMinimumRatiosTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2292091_1_1"> Schedule Of Minimum Ratios And Well Capitalized Minimum Ratios [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_ScheduleOfMinimumRatiosAndWellCapitalizedMinimumRatiosTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2292091_2_1"> Schedule of Minimum Ratios and Well Capitalized Minimum Ratios </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_ScheduleOfMinimumRatiosAndWellCapitalizedMinimumRatiosTableTextBlock" xlink:to="gs_ScheduleOfMinimumRatiosAndWellCapitalizedMinimumRatiosTableTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ScheduleOfNetInvestmentHedgesInAccumulatedOtherComprehensiveIncomeLossTableTextBlock" xlink:label="us-gaap_ScheduleOfNetInvestmentHedgesInAccumulatedOtherComprehensiveIncomeLossTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfNetInvestmentHedgesInAccumulatedOtherComprehensiveIncomeLossTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2035702_1_1"> Schedule of Net Investment Hedges in Accumulated Other Comprehensive Income (Loss) [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ScheduleOfNetInvestmentHedgesInAccumulatedOtherComprehensiveIncomeLossTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2035702_2_1"> Gains and Losses on Net Investment Hedges </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfNetInvestmentHedgesInAccumulatedOtherComprehensiveIncomeLossTableTextBlock" xlink:to="us-gaap_ScheduleOfNetInvestmentHedgesInAccumulatedOtherComprehensiveIncomeLossTableTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ScheduleOfOtherAssetsTableTextBlock" xlink:label="us-gaap_ScheduleOfOtherAssetsTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfOtherAssetsTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2036752_1_1"> Schedule of Other Assets [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ScheduleOfOtherAssetsTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2036752_2_1"> Other Assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfOtherAssetsTableTextBlock" xlink:to="us-gaap_ScheduleOfOtherAssetsTableTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_ScheduleOfRepurchaseAgreementsAndSecuritiesLoanedByClassOfCollateralPledgedTableTextBlock" xlink:label="gs_ScheduleOfRepurchaseAgreementsAndSecuritiesLoanedByClassOfCollateralPledgedTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_ScheduleOfRepurchaseAgreementsAndSecuritiesLoanedByClassOfCollateralPledgedTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2291350_3_1"> Schedule Of Repurchase Agreements And Securities Loaned By Class Of Collateral Pledged Table [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_ScheduleOfRepurchaseAgreementsAndSecuritiesLoanedByClassOfCollateralPledgedTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2291350_1_1"> Schedule Of Repurchase Agreements And Securities Loaned By Class Of Collateral Pledged Table [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_ScheduleOfRepurchaseAgreementsAndSecuritiesLoanedByClassOfCollateralPledgedTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2291350_2_1"> Schedule of Gross Carrying Value of Repurchase Agreements and Securities Loaned by Class of Collateral Pledged </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_ScheduleOfRepurchaseAgreementsAndSecuritiesLoanedByClassOfCollateralPledgedTableTextBlock" xlink:to="gs_ScheduleOfRepurchaseAgreementsAndSecuritiesLoanedByClassOfCollateralPledgedTableTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_ScheduleOfRepurchaseAgreementsAndSecuritiesLoanedByMaturityDateTableTextBlock" xlink:label="gs_ScheduleOfRepurchaseAgreementsAndSecuritiesLoanedByMaturityDateTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_ScheduleOfRepurchaseAgreementsAndSecuritiesLoanedByMaturityDateTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2253061_3_1"> Schedule Of Repurchase Agreements And Securities Loaned By Maturity Date Table [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_ScheduleOfRepurchaseAgreementsAndSecuritiesLoanedByMaturityDateTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2253061_1_1"> Schedule Of Repurchase Agreements And Securities Loaned By Maturity Date Table [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_ScheduleOfRepurchaseAgreementsAndSecuritiesLoanedByMaturityDateTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2253061_2_1"> Schedule of Gross Carrying Value of Repurchase Agreements and Securities Loaned by Maturity Date </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_ScheduleOfRepurchaseAgreementsAndSecuritiesLoanedByMaturityDateTableTextBlock" xlink:to="gs_ScheduleOfRepurchaseAgreementsAndSecuritiesLoanedByMaturityDateTableTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_ScheduleOfRepurchaseAgreementsResaleAgreementsSecuritiesBorrowedAndSecuritiesLoanedTableTextBlock" xlink:label="gs_ScheduleOfRepurchaseAgreementsResaleAgreementsSecuritiesBorrowedAndSecuritiesLoanedTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_ScheduleOfRepurchaseAgreementsResaleAgreementsSecuritiesBorrowedAndSecuritiesLoanedTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2225023_3_1"> Schedule of repurchase agreements resale agreements securities borrowed and securities loaned. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_ScheduleOfRepurchaseAgreementsResaleAgreementsSecuritiesBorrowedAndSecuritiesLoanedTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2225023_1_1"> Schedule Of Repurchase Agreements Resale Agreements Securities Borrowed And Securities Loaned Table [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_ScheduleOfRepurchaseAgreementsResaleAgreementsSecuritiesBorrowedAndSecuritiesLoanedTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2225023_2_1"> Offsetting Arrangements </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_ScheduleOfRepurchaseAgreementsResaleAgreementsSecuritiesBorrowedAndSecuritiesLoanedTableTextBlock" xlink:to="gs_ScheduleOfRepurchaseAgreementsResaleAgreementsSecuritiesBorrowedAndSecuritiesLoanedTableTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable" xlink:label="us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_lbl" xml:lang="en-US" id="id_8104553_2036599_1_1"> Schedule of Segment Reporting Information, by Segment [Table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_lbl" xml:lang="en-US" id="id_8104553_2036599_2_1"> Schedule of Segment Reporting Information, by Segment [Table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable" xlink:to="us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock" xlink:label="us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock_lbl" xml:lang="en-US" id="id_8104553_2039315_1_1"> Schedule of Segment Reporting Information, by Segment [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock_lbl" xml:lang="en-US" id="id_8104553_2039315_2_1"> Segment Operating Results </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock" xlink:to="us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ScheduleOfStockByClassTable" xlink:label="us-gaap_ScheduleOfStockByClassTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfStockByClassTable_lbl" xml:lang="en-US" id="id_8104553_2040478_1_1"> Schedule of Stock by Class [Table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ScheduleOfStockByClassTable_lbl" xml:lang="en-US" id="id_8104553_2040478_2_1"> Schedule of Stock by Class [Table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfStockByClassTable" xlink:to="us-gaap_ScheduleOfStockByClassTable_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ScheduleOfVariableInterestEntitiesTable" xlink:label="us-gaap_ScheduleOfVariableInterestEntitiesTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfVariableInterestEntitiesTable_lbl" xml:lang="en-US" id="id_8104553_2035526_1_1"> Schedule of Variable Interest Entities [Table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ScheduleOfVariableInterestEntitiesTable_lbl" xml:lang="en-US" id="id_8104553_2035526_2_1"> Schedule of Variable Interest Entities [Table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfVariableInterestEntitiesTable" xlink:to="us-gaap_ScheduleOfVariableInterestEntitiesTable_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_ScheduleOfWeightedAverageKeyEconomicAssumptionsUsedInMeasuringFairValueOfFirmsRetainedInterestsAndSensitivityOfThisFairValueToImmediateAdverseChangesTableTextBlock" xlink:label="gs_ScheduleOfWeightedAverageKeyEconomicAssumptionsUsedInMeasuringFairValueOfFirmsRetainedInterestsAndSensitivityOfThisFairValueToImmediateAdverseChangesTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_ScheduleOfWeightedAverageKeyEconomicAssumptionsUsedInMeasuringFairValueOfFirmsRetainedInterestsAndSensitivityOfThisFairValueToImmediateAdverseChangesTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2186760_3_1"> Schedule of weighted average key economic assumptions used in measuring the fair value of the firms retained interests and the sensitivity of this fair value to immediate adverse changes. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_ScheduleOfWeightedAverageKeyEconomicAssumptionsUsedInMeasuringFairValueOfFirmsRetainedInterestsAndSensitivityOfThisFairValueToImmediateAdverseChangesTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2186760_1_1"> Schedule Of Weighted Average Key Economic Assumptions Used In Measuring Fair Value Of Firms Retained Interests And Sensitivity Of This Fair Value To Immediate Adverse Changes Table [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_ScheduleOfWeightedAverageKeyEconomicAssumptionsUsedInMeasuringFairValueOfFirmsRetainedInterestsAndSensitivityOfThisFairValueToImmediateAdverseChangesTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2186760_2_1"> Weighted Average Key Economic Assumptions Used in Measuring Fair Value of Firm's Retained Interests and Sensitivity of This Fair Value to Immediate Adverse Changes </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_ScheduleOfWeightedAverageKeyEconomicAssumptionsUsedInMeasuringFairValueOfFirmsRetainedInterestsAndSensitivityOfThisFairValueToImmediateAdverseChangesTableTextBlock" xlink:to="gs_ScheduleOfWeightedAverageKeyEconomicAssumptionsUsedInMeasuringFairValueOfFirmsRetainedInterestsAndSensitivityOfThisFairValueToImmediateAdverseChangesTableTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SecuredLongTermDebt" xlink:label="us-gaap_SecuredLongTermDebt"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SecuredLongTermDebt_lbl" xml:lang="en-US" id="id_8104553_2036603_1_1"> Secured Long-term Debt, Noncurrent </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SecuredLongTermDebt_lbl" xml:lang="en-US" id="id_8104553_2036603_2_1"> Other secured financings (long-term) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_SecuredLongTermDebt_lbl" xml:lang="en-US" id="id_8104553_2036603_6_1"> Total other secured financings (long-term) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SecuredLongTermDebt" xlink:to="us-gaap_SecuredLongTermDebt_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_SecuritiesBackedByCommercialRealEstateMember" xlink:label="gs_SecuritiesBackedByCommercialRealEstateMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_SecuritiesBackedByCommercialRealEstateMember_lbl" xml:lang="en-US" id="id_8104553_2282798_3_1"> Securities backed by commercial real estate. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_SecuritiesBackedByCommercialRealEstateMember_lbl" xml:lang="en-US" id="id_8104553_2282798_1_1"> Securities Backed By Commercial Real Estate [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_SecuritiesBackedByCommercialRealEstateMember_lbl" xml:lang="en-US" id="id_8104553_2282798_2_1"> Securities Backed By Commercial Real Estate [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_SecuritiesBackedByCommercialRealEstateMember" xlink:to="gs_SecuritiesBackedByCommercialRealEstateMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_SecuritiesBackedByResidentialRealEstateMember" xlink:label="gs_SecuritiesBackedByResidentialRealEstateMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_SecuritiesBackedByResidentialRealEstateMember_lbl" xml:lang="en-US" id="id_8104553_2223049_3_1"> Securities backed by residential real estate. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_SecuritiesBackedByResidentialRealEstateMember_lbl" xml:lang="en-US" id="id_8104553_2223049_1_1"> Securities Backed By Residential Real Estate [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_SecuritiesBackedByResidentialRealEstateMember_lbl" xml:lang="en-US" id="id_8104553_2223049_2_1"> Securities Backed By Residential Real Estate [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_SecuritiesBackedByResidentialRealEstateMember" xlink:to="gs_SecuritiesBackedByResidentialRealEstateMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SecuritiesBorrowed" xlink:label="us-gaap_SecuritiesBorrowed"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SecuritiesBorrowed_lbl" xml:lang="en-US" id="id_8104553_2039108_1_1"> Securities Borrowed </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SecuritiesBorrowed_lbl" xml:lang="en-US" id="id_8104553_2039108_2_1"> Securities borrowed (includes $78,788 and $69,801 at fair value as of September 2016 and December 2015, respectively) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SecuritiesBorrowed" xlink:to="us-gaap_SecuritiesBorrowed_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SecuritiesBorrowedCollateralObligationToReturnSecurities" xlink:label="us-gaap_SecuritiesBorrowedCollateralObligationToReturnSecurities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SecuritiesBorrowedCollateralObligationToReturnSecurities_lbl" xml:lang="en-US" id="id_8104553_2039903_1_1"> Securities Borrowed, Collateral, Obligation to Return Securities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_SecuritiesBorrowedCollateralObligationToReturnSecurities_lbl" xml:lang="en-US" id="id_8104553_2039903_14_1"> Securities borrowed, Collateral </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SecuritiesBorrowedCollateralObligationToReturnSecurities" xlink:to="us-gaap_SecuritiesBorrowedCollateralObligationToReturnSecurities_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SecuritiesBorrowedFairValueDisclosure" xlink:label="us-gaap_SecuritiesBorrowedFairValueDisclosure"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SecuritiesBorrowedFairValueDisclosure_lbl" xml:lang="en-US" id="id_8104553_2037499_1_1"> Securities Borrowed, Fair Value Disclosure </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SecuritiesBorrowedFairValueDisclosure_lbl" xml:lang="en-US" id="id_8104553_2037499_2_1"> Securities borrowed </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_SecuritiesBorrowedFairValueDisclosure_lbl" xml:lang="en-US" id="id_8104553_2037499_12_1"> Securities borrowed at fair value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SecuritiesBorrowedFairValueDisclosure" xlink:to="us-gaap_SecuritiesBorrowedFairValueDisclosure_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SecuritiesBorrowedGross" xlink:label="us-gaap_SecuritiesBorrowedGross"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SecuritiesBorrowedGross_lbl" xml:lang="en-US" id="id_8104553_2037686_1_1"> Securities Borrowed, Gross </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SecuritiesBorrowedGross_lbl" xml:lang="en-US" id="id_8104553_2037686_2_1"> Securities borrowed, Gross carrying value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SecuritiesBorrowedGross" xlink:to="us-gaap_SecuritiesBorrowedGross_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SecuritiesBorrowedLiability" xlink:label="us-gaap_SecuritiesBorrowedLiability"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SecuritiesBorrowedLiability_lbl" xml:lang="en-US" id="id_8104553_2039904_1_1"> Securities Borrowed, Liability </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_SecuritiesBorrowedLiability_lbl" xml:lang="en-US" id="id_8104553_2039904_14_1"> Securities borrowed, Counterparty Netting </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SecuritiesBorrowedLiability" xlink:to="us-gaap_SecuritiesBorrowedLiability_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SecuritiesBorrowedNotOffsetPolicyElectionDeduction" xlink:label="us-gaap_SecuritiesBorrowedNotOffsetPolicyElectionDeduction"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SecuritiesBorrowedNotOffsetPolicyElectionDeduction_lbl" xml:lang="en-US" id="id_8104553_2035848_1_1"> Securities Borrowed, Not Offset, Policy Election Deduction </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_SecuritiesBorrowedNotOffsetPolicyElectionDeduction_lbl" xml:lang="en-US" id="id_8104553_2035848_14_1"> Securities borrowed, Counterparty Netting </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SecuritiesBorrowedNotOffsetPolicyElectionDeduction" xlink:to="us-gaap_SecuritiesBorrowedNotOffsetPolicyElectionDeduction_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SecuritiesBorrowedOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection" xlink:label="us-gaap_SecuritiesBorrowedOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SecuritiesBorrowedOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection_lbl" xml:lang="en-US" id="id_8104553_2040731_1_1"> Securities Borrowed, Offset Against Collateral, Net of Not Subject to Master Netting Arrangement, Policy Election </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_SecuritiesBorrowedOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection_lbl" xml:lang="en-US" id="id_8104553_2040731_6_1"> Securities borrowed </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SecuritiesBorrowedOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection" xlink:to="us-gaap_SecuritiesBorrowedOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_SecuritiesBorrowedOffsetting" xlink:label="gs_SecuritiesBorrowedOffsetting"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_SecuritiesBorrowedOffsetting_lbl" xml:lang="en-US" id="id_8104553_2141195_3_1"> Amount, after the effects of master netting arrangements, of securities borrowed from entities in exchange for collateral. Includes assets not subject to a master netting arrangement. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_SecuritiesBorrowedOffsetting_lbl" xml:lang="en-US" id="id_8104553_2141195_1_1"> Securities Borrowed Offsetting </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="gs_SecuritiesBorrowedOffsetting_lbl" xml:lang="en-US" id="id_8104553_2141195_6_1"> Securities borrowed </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_SecuritiesBorrowedOffsetting" xlink:to="gs_SecuritiesBorrowedOffsetting_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_SecuritiesBorrowedTransactionsSegregatedToSatisfyCertainRegulatoryRequirements" xlink:label="gs_SecuritiesBorrowedTransactionsSegregatedToSatisfyCertainRegulatoryRequirements"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_SecuritiesBorrowedTransactionsSegregatedToSatisfyCertainRegulatoryRequirements_lbl" xml:lang="en-US" id="id_8104553_2205472_3_1"> Securities borrowed transactions segregated to satisfy certain regulatory requirements. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_SecuritiesBorrowedTransactionsSegregatedToSatisfyCertainRegulatoryRequirements_lbl" xml:lang="en-US" id="id_8104553_2205472_1_1"> Securities Borrowed Transactions Segregated To Satisfy Certain Regulatory Requirements </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_SecuritiesBorrowedTransactionsSegregatedToSatisfyCertainRegulatoryRequirements_lbl" xml:lang="en-US" id="id_8104553_2205472_2_1"> Securities borrowed transactions segregated to satisfy certain regulatory requirements </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_SecuritiesBorrowedTransactionsSegregatedToSatisfyCertainRegulatoryRequirements" xlink:to="gs_SecuritiesBorrowedTransactionsSegregatedToSatisfyCertainRegulatoryRequirements_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_SecuritiesFinancingTransactionsMember" xlink:label="gs_SecuritiesFinancingTransactionsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_SecuritiesFinancingTransactionsMember_lbl" xml:lang="en-US" id="id_8104553_2343193_3_1"> Securities financing transactions. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_SecuritiesFinancingTransactionsMember_lbl" xml:lang="en-US" id="id_8104553_2343193_1_1"> Securities Financing Transactions [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_SecuritiesFinancingTransactionsMember_lbl" xml:lang="en-US" id="id_8104553_2343193_2_1"> Securities Financing Transactions [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_SecuritiesFinancingTransactionsMember" xlink:to="gs_SecuritiesFinancingTransactionsMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_SecuritiesLendingIndemnificationMember" xlink:label="gs_SecuritiesLendingIndemnificationMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_SecuritiesLendingIndemnificationMember_lbl" xml:lang="en-US" id="id_8104553_2146835_3_1"> Securities lending indemnification. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_SecuritiesLendingIndemnificationMember_lbl" xml:lang="en-US" id="id_8104553_2146835_1_1"> Securities Lending Indemnification [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_SecuritiesLendingIndemnificationMember_lbl" xml:lang="en-US" id="id_8104553_2146835_2_1"> Securities Lending Indemnification [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_SecuritiesLendingIndemnificationMember" xlink:to="gs_SecuritiesLendingIndemnificationMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SecuritiesLoaned" xlink:label="us-gaap_SecuritiesLoaned"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SecuritiesLoaned_lbl" xml:lang="en-US" id="id_8104553_2036066_1_1"> Securities Loaned </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SecuritiesLoaned_lbl" xml:lang="en-US" id="id_8104553_2036066_2_1"> Securities loaned (includes $1,969 and $466 at fair value as of September 2016 and December 2015, respectively) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_SecuritiesLoaned_lbl" xml:lang="en-US" id="id_8104553_2036066_6_1"> Securities loaned </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SecuritiesLoaned" xlink:to="us-gaap_SecuritiesLoaned_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SecuritiesLoanedAsset" xlink:label="us-gaap_SecuritiesLoanedAsset"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SecuritiesLoanedAsset_lbl" xml:lang="en-US" id="id_8104553_2039530_1_1"> Securities Loaned, Asset </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_SecuritiesLoanedAsset_lbl" xml:lang="en-US" id="id_8104553_2039530_14_1"> Securities loaned, Counterparty Netting </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SecuritiesLoanedAsset" xlink:to="us-gaap_SecuritiesLoanedAsset_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SecuritiesLoanedCollateralRightToReclaimSecurities" xlink:label="us-gaap_SecuritiesLoanedCollateralRightToReclaimSecurities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SecuritiesLoanedCollateralRightToReclaimSecurities_lbl" xml:lang="en-US" id="id_8104553_2038090_1_1"> Securities Loaned, Collateral, Right to Reclaim Securities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_SecuritiesLoanedCollateralRightToReclaimSecurities_lbl" xml:lang="en-US" id="id_8104553_2038090_14_1"> Securities loaned, Collateral </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SecuritiesLoanedCollateralRightToReclaimSecurities" xlink:to="us-gaap_SecuritiesLoanedCollateralRightToReclaimSecurities_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SecuritiesLoanedGross" xlink:label="us-gaap_SecuritiesLoanedGross"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SecuritiesLoanedGross_lbl" xml:lang="en-US" id="id_8104553_2037166_1_1"> Securities Loaned, Gross </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SecuritiesLoanedGross_lbl" xml:lang="en-US" id="id_8104553_2037166_2_1"> Securities loaned </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_SecuritiesLoanedGross_lbl" xml:lang="en-US" id="id_8104553_2037166_12_1"> Securities loaned, Gross carrying value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SecuritiesLoanedGross" xlink:to="us-gaap_SecuritiesLoanedGross_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SecuritiesLoanedNotOffsetPolicyElectionDeduction" xlink:label="us-gaap_SecuritiesLoanedNotOffsetPolicyElectionDeduction"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SecuritiesLoanedNotOffsetPolicyElectionDeduction_lbl" xml:lang="en-US" id="id_8104553_2037167_1_1"> Securities Loaned, Not Offset, Policy Election Deduction </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_SecuritiesLoanedNotOffsetPolicyElectionDeduction_lbl" xml:lang="en-US" id="id_8104553_2037167_14_1"> Securities loaned, Counterparty Netting </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SecuritiesLoanedNotOffsetPolicyElectionDeduction" xlink:to="us-gaap_SecuritiesLoanedNotOffsetPolicyElectionDeduction_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SecuritiesLoanedOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection" xlink:label="us-gaap_SecuritiesLoanedOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SecuritiesLoanedOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection_lbl" xml:lang="en-US" id="id_8104553_2040301_1_1"> Securities Loaned, Offset Against Collateral, Net of Not Subject to Master Netting Arrangement, Policy Election </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_SecuritiesLoanedOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection_lbl" xml:lang="en-US" id="id_8104553_2040301_6_1"> Securities loaned </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SecuritiesLoanedOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection" xlink:to="us-gaap_SecuritiesLoanedOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SecuritiesLoanedOrSoldUnderAgreementsToRepurchaseFairValueDisclosure" xlink:label="us-gaap_SecuritiesLoanedOrSoldUnderAgreementsToRepurchaseFairValueDisclosure"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SecuritiesLoanedOrSoldUnderAgreementsToRepurchaseFairValueDisclosure_lbl" xml:lang="en-US" id="id_8104553_2038861_1_1"> Securities Loaned or Sold under Agreements to Repurchase, Fair Value Disclosure </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SecuritiesLoanedOrSoldUnderAgreementsToRepurchaseFairValueDisclosure_lbl" xml:lang="en-US" id="id_8104553_2038861_2_1"> Securities loaned at fair value </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_SecuritiesLoanedOrSoldUnderAgreementsToRepurchaseFairValueDisclosure_lbl" xml:lang="en-US" id="id_8104553_2038861_14_1"> Securities loaned </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SecuritiesLoanedOrSoldUnderAgreementsToRepurchaseFairValueDisclosure" xlink:to="us-gaap_SecuritiesLoanedOrSoldUnderAgreementsToRepurchaseFairValueDisclosure_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SecuritiesPurchasedUnderAgreementsToResell" xlink:label="us-gaap_SecuritiesPurchasedUnderAgreementsToResell"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SecuritiesPurchasedUnderAgreementsToResell_lbl" xml:lang="en-US" id="id_8104553_2038281_1_1"> Securities Purchased under Agreements to Resell </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_SecuritiesPurchasedUnderAgreementsToResell_lbl" xml:lang="en-US" id="id_8104553_2038281_6_1"> Resale agreements </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SecuritiesPurchasedUnderAgreementsToResell" xlink:to="us-gaap_SecuritiesPurchasedUnderAgreementsToResell_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SecuritiesPurchasedUnderAgreementsToResellCollateralObligationToReturnSecurities" xlink:label="us-gaap_SecuritiesPurchasedUnderAgreementsToResellCollateralObligationToReturnSecurities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SecuritiesPurchasedUnderAgreementsToResellCollateralObligationToReturnSecurities_lbl" xml:lang="en-US" id="id_8104553_2036250_1_1"> Securities Purchased under Agreements to Resell, Collateral, Obligation to Return Securities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_SecuritiesPurchasedUnderAgreementsToResellCollateralObligationToReturnSecurities_lbl" xml:lang="en-US" id="id_8104553_2036250_14_1"> Resale agreements, Collateral </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SecuritiesPurchasedUnderAgreementsToResellCollateralObligationToReturnSecurities" xlink:to="us-gaap_SecuritiesPurchasedUnderAgreementsToResellCollateralObligationToReturnSecurities_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SecuritiesPurchasedUnderAgreementsToResellGross" xlink:label="us-gaap_SecuritiesPurchasedUnderAgreementsToResellGross"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SecuritiesPurchasedUnderAgreementsToResellGross_lbl" xml:lang="en-US" id="id_8104553_2035850_1_1"> Securities Purchased under Agreements to Resell, Gross </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SecuritiesPurchasedUnderAgreementsToResellGross_lbl" xml:lang="en-US" id="id_8104553_2035850_2_1"> Resale agreements, Gross carrying value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SecuritiesPurchasedUnderAgreementsToResellGross" xlink:to="us-gaap_SecuritiesPurchasedUnderAgreementsToResellGross_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SecuritiesPurchasedUnderAgreementsToResellLiability" xlink:label="us-gaap_SecuritiesPurchasedUnderAgreementsToResellLiability"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SecuritiesPurchasedUnderAgreementsToResellLiability_lbl" xml:lang="en-US" id="id_8104553_2039111_1_1"> Securities Purchased under Agreements to Resell, Liability </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_SecuritiesPurchasedUnderAgreementsToResellLiability_lbl" xml:lang="en-US" id="id_8104553_2039111_14_1"> Resale agreements, Counterparty Netting </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SecuritiesPurchasedUnderAgreementsToResellLiability" xlink:to="us-gaap_SecuritiesPurchasedUnderAgreementsToResellLiability_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SecuritiesPurchasedUnderAgreementsToResellNotOffsetPolicyElectionDeduction" xlink:label="us-gaap_SecuritiesPurchasedUnderAgreementsToResellNotOffsetPolicyElectionDeduction"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SecuritiesPurchasedUnderAgreementsToResellNotOffsetPolicyElectionDeduction_lbl" xml:lang="en-US" id="id_8104553_2040115_1_1"> Securities Purchased under Agreements to Resell, Not Offset, Policy Election Deduction </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_SecuritiesPurchasedUnderAgreementsToResellNotOffsetPolicyElectionDeduction_lbl" xml:lang="en-US" id="id_8104553_2040115_14_1"> Resale agreements, Counterparty Netting </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SecuritiesPurchasedUnderAgreementsToResellNotOffsetPolicyElectionDeduction" xlink:to="us-gaap_SecuritiesPurchasedUnderAgreementsToResellNotOffsetPolicyElectionDeduction_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SecuritiesPurchasedUnderAgreementsToResellOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection" xlink:label="us-gaap_SecuritiesPurchasedUnderAgreementsToResellOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SecuritiesPurchasedUnderAgreementsToResellOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection_lbl" xml:lang="en-US" id="id_8104553_2037693_1_1"> Securities Purchased under Agreements to Resell, Offset Against Collateral, Net of Not Subject to Master Netting Arrangement, Policy Election </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_SecuritiesPurchasedUnderAgreementsToResellOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection_lbl" xml:lang="en-US" id="id_8104553_2037693_6_1"> Resale agreements </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SecuritiesPurchasedUnderAgreementsToResellOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection" xlink:to="us-gaap_SecuritiesPurchasedUnderAgreementsToResellOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SecuritiesSegregatedUnderSecuritiesExchangeCommissionRegulation" xlink:label="us-gaap_SecuritiesSegregatedUnderSecuritiesExchangeCommissionRegulation"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SecuritiesSegregatedUnderSecuritiesExchangeCommissionRegulation_lbl" xml:lang="en-US" id="id_8104553_2037336_1_1"> Securities Segregated under Securities Exchange Commission Regulation </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SecuritiesSegregatedUnderSecuritiesExchangeCommissionRegulation_lbl" xml:lang="en-US" id="id_8104553_2037336_2_1"> Securities segregated for regulatory and other purposes </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SecuritiesSegregatedUnderSecuritiesExchangeCommissionRegulation" xlink:to="us-gaap_SecuritiesSegregatedUnderSecuritiesExchangeCommissionRegulation_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SecuritiesSoldUnderAgreementsToRepurchase" xlink:label="us-gaap_SecuritiesSoldUnderAgreementsToRepurchase"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SecuritiesSoldUnderAgreementsToRepurchase_lbl" xml:lang="en-US" id="id_8104553_2035532_1_1"> Securities Sold under Agreements to Repurchase </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SecuritiesSoldUnderAgreementsToRepurchase_lbl" xml:lang="en-US" id="id_8104553_2035532_2_1"> Securities sold under agreements to repurchase, at fair value </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_SecuritiesSoldUnderAgreementsToRepurchase_lbl" xml:lang="en-US" id="id_8104553_2035532_6_1"> Repurchase agreements </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_SecuritiesSoldUnderAgreementsToRepurchase_lbl" xml:lang="en-US" id="id_8104553_2035532_14_1"> Securities sold under agreements to repurchase </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SecuritiesSoldUnderAgreementsToRepurchase" xlink:to="us-gaap_SecuritiesSoldUnderAgreementsToRepurchase_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseAsset" xlink:label="us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseAsset"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseAsset_lbl" xml:lang="en-US" id="id_8104553_2037923_1_1"> Securities Sold under Agreements to Repurchase, Asset </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseAsset_lbl" xml:lang="en-US" id="id_8104553_2037923_14_1"> Repurchase agreements, Counterparty Netting </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseAsset" xlink:to="us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseAsset_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimSecurities" xlink:label="us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimSecurities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimSecurities_lbl" xml:lang="en-US" id="id_8104553_2039531_1_1"> Securities Sold under Agreements to Repurchase, Collateral, Right to Reclaim Securities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimSecurities_lbl" xml:lang="en-US" id="id_8104553_2039531_14_1"> Repurchase agreements, Collateral </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimSecurities" xlink:to="us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimSecurities_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseGross" xlink:label="us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseGross"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseGross_lbl" xml:lang="en-US" id="id_8104553_2037337_1_1"> Securities Sold under Agreements to Repurchase, Gross </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseGross_lbl" xml:lang="en-US" id="id_8104553_2037337_2_1"> Repurchase agreements </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseGross_lbl" xml:lang="en-US" id="id_8104553_2037337_12_1"> Repurchase agreements, Gross carrying value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseGross" xlink:to="us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseGross_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseMember" xlink:label="us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseMember_lbl" xml:lang="en-US" id="id_8104553_2037503_1_1"> Securities Sold under Agreements to Repurchase [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseMember_lbl" xml:lang="en-US" id="id_8104553_2037503_2_1"> Securities Sold under Agreements to Repurchase at Fair Value [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseMember" xlink:to="us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection" xlink:label="us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection_lbl" xml:lang="en-US" id="id_8104553_2039318_1_1"> Securities Sold under Agreements to Repurchase, Offset Against Collateral, Net of Not Subject to Master Netting Arrangement, Policy Election </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection_lbl" xml:lang="en-US" id="id_8104553_2039318_6_1"> Repurchase agreements </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection" xlink:to="us-gaap_SecuritiesSoldUnderAgreementsToRepurchaseOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SecuritiesSoldUnderAgreementsToResellNotOffsetPolicyElectionDeduction" xlink:label="us-gaap_SecuritiesSoldUnderAgreementsToResellNotOffsetPolicyElectionDeduction"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SecuritiesSoldUnderAgreementsToResellNotOffsetPolicyElectionDeduction_lbl" xml:lang="en-US" id="id_8104553_2038282_1_1"> Securities Sold under Agreements to Repurchase, Not Offset, Policy Election Deduction </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_SecuritiesSoldUnderAgreementsToResellNotOffsetPolicyElectionDeduction_lbl" xml:lang="en-US" id="id_8104553_2038282_14_1"> Repurchase agreements, Counterparty Netting </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SecuritiesSoldUnderAgreementsToResellNotOffsetPolicyElectionDeduction" xlink:to="us-gaap_SecuritiesSoldUnderAgreementsToResellNotOffsetPolicyElectionDeduction_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_SecuritizationActivitiesPolicyTextBlock" xlink:label="gs_SecuritizationActivitiesPolicyTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_SecuritizationActivitiesPolicyTextBlock_lbl" xml:lang="en-US" id="id_8104553_2357771_3_1"> Securitization Activities Policy [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_SecuritizationActivitiesPolicyTextBlock_lbl" xml:lang="en-US" id="id_8104553_2357771_1_1"> Securitization Activities Policy [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_SecuritizationActivitiesPolicyTextBlock_lbl" xml:lang="en-US" id="id_8104553_2357771_2_1"> Securitization Activities, Policy </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_SecuritizationActivitiesPolicyTextBlock" xlink:to="gs_SecuritizationActivitiesPolicyTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_SecuritizationOfCommercialMortgages" xlink:label="gs_SecuritizationOfCommercialMortgages"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_SecuritizationOfCommercialMortgages_lbl" xml:lang="en-US" id="id_8104553_2209631_3_1"> Securitization of commercial mortgages. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_SecuritizationOfCommercialMortgages_lbl" xml:lang="en-US" id="id_8104553_2209631_1_1"> Securitization Of Commercial Mortgages </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_SecuritizationOfCommercialMortgages_lbl" xml:lang="en-US" id="id_8104553_2209631_2_1"> Securitization of commercial mortgages </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_SecuritizationOfCommercialMortgages" xlink:to="gs_SecuritizationOfCommercialMortgages_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_SecuritizationOfFinancialAssets" xlink:label="gs_SecuritizationOfFinancialAssets"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_SecuritizationOfFinancialAssets_lbl" xml:lang="en-US" id="id_8104553_2357529_3_1"> Securitization of financial assets. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_SecuritizationOfFinancialAssets_lbl" xml:lang="en-US" id="id_8104553_2357529_1_1"> Securitization Of Financial Assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="gs_SecuritizationOfFinancialAssets_lbl" xml:lang="en-US" id="id_8104553_2357529_6_1"> Securitization of Financial Assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_SecuritizationOfFinancialAssets" xlink:to="gs_SecuritizationOfFinancialAssets_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_SecuritizationOfOtherFinancialAssets" xlink:label="gs_SecuritizationOfOtherFinancialAssets"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_SecuritizationOfOtherFinancialAssets_lbl" xml:lang="en-US" id="id_8104553_2075734_3_1"> Securitization of other financial assets. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_SecuritizationOfOtherFinancialAssets_lbl" xml:lang="en-US" id="id_8104553_2075734_1_1"> Securitization Of Other Financial Assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_SecuritizationOfOtherFinancialAssets_lbl" xml:lang="en-US" id="id_8104553_2075734_2_1"> Securitization of other financial assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_SecuritizationOfOtherFinancialAssets" xlink:to="gs_SecuritizationOfOtherFinancialAssets_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_SecuritizationOfResidentialMortgages" xlink:label="gs_SecuritizationOfResidentialMortgages"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_SecuritizationOfResidentialMortgages_lbl" xml:lang="en-US" id="id_8104553_2295454_3_1"> Securitization of residential mortgages. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_SecuritizationOfResidentialMortgages_lbl" xml:lang="en-US" id="id_8104553_2295454_1_1"> Securitization Of Residential Mortgages </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_SecuritizationOfResidentialMortgages_lbl" xml:lang="en-US" id="id_8104553_2295454_2_1"> Securitization of residential mortgages </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_SecuritizationOfResidentialMortgages" xlink:to="gs_SecuritizationOfResidentialMortgages_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SegmentDomain" xlink:label="us-gaap_SegmentDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SegmentDomain_lbl" xml:lang="en-US" id="id_8104553_2039911_1_1"> Segments [Domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SegmentDomain_lbl" xml:lang="en-US" id="id_8104553_2039911_2_1"> Segments [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SegmentDomain" xlink:to="us-gaap_SegmentDomain_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SegmentGeographicalDomain" xlink:label="us-gaap_SegmentGeographicalDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SegmentGeographicalDomain_lbl" xml:lang="en-US" id="id_8104553_2034488_1_1"> Geographical [Domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SegmentGeographicalDomain_lbl" xml:lang="en-US" id="id_8104553_2034488_2_1"> Geographical [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SegmentGeographicalDomain" xlink:to="us-gaap_SegmentGeographicalDomain_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SegmentReportingAbstract" xlink:label="us-gaap_SegmentReportingAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SegmentReportingAbstract_lbl" xml:lang="en-US" id="id_8104553_2039912_1_1"> Segment Reporting [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SegmentReportingAbstract_lbl" xml:lang="en-US" id="id_8104553_2039912_2_1"> Segment Reporting [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SegmentReportingAbstract" xlink:to="us-gaap_SegmentReportingAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SegmentReportingDisclosureTextBlock" xlink:label="us-gaap_SegmentReportingDisclosureTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SegmentReportingDisclosureTextBlock_lbl" xml:lang="en-US" id="id_8104553_2039114_1_1"> Segment Reporting Disclosure [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SegmentReportingDisclosureTextBlock_lbl" xml:lang="en-US" id="id_8104553_2039114_2_1"> Business Segments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SegmentReportingDisclosureTextBlock" xlink:to="us-gaap_SegmentReportingDisclosureTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SegmentReportingInformationLineItems" xlink:label="us-gaap_SegmentReportingInformationLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SegmentReportingInformationLineItems_lbl" xml:lang="en-US" id="id_8104553_2039533_1_1"> Segment Reporting Information [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SegmentReportingInformationLineItems_lbl" xml:lang="en-US" id="id_8104553_2039533_2_1"> Segment Reporting Information [Line Items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SegmentReportingInformationLineItems" xlink:to="us-gaap_SegmentReportingInformationLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SegmentReportingPolicyPolicyTextBlock" xlink:label="us-gaap_SegmentReportingPolicyPolicyTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SegmentReportingPolicyPolicyTextBlock_lbl" xml:lang="en-US" id="id_8104553_2035536_1_1"> Segment Reporting, Policy [Policy Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SegmentReportingPolicyPolicyTextBlock_lbl" xml:lang="en-US" id="id_8104553_2035536_2_1"> Business Segments, Policy </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SegmentReportingPolicyPolicyTextBlock" xlink:to="us-gaap_SegmentReportingPolicyPolicyTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_SeniorGuaranteedTrustSecuritiesHeldByFirmExchangedWithFirmsJuniorSubordinatedDebtSecuritiesHeldByTrust" xlink:label="gs_SeniorGuaranteedTrustSecuritiesHeldByFirmExchangedWithFirmsJuniorSubordinatedDebtSecuritiesHeldByTrust"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_SeniorGuaranteedTrustSecuritiesHeldByFirmExchangedWithFirmsJuniorSubordinatedDebtSecuritiesHeldByTrust_lbl" xml:lang="en-US" id="id_8104553_2281927_3_1"> The value of senior guaranteed trust securities held by the firm and exchanged with the firm's junior subordinated debt securities held by the Murray Street Investment Trust I during the second quarter of 2014. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_SeniorGuaranteedTrustSecuritiesHeldByFirmExchangedWithFirmsJuniorSubordinatedDebtSecuritiesHeldByTrust_lbl" xml:lang="en-US" id="id_8104553_2281927_1_1"> Senior Guaranteed Trust Securities Held By Firm Exchanged With Firms Junior Subordinated Debt Securities Held By Trust </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_SeniorGuaranteedTrustSecuritiesHeldByFirmExchangedWithFirmsJuniorSubordinatedDebtSecuritiesHeldByTrust_lbl" xml:lang="en-US" id="id_8104553_2281927_2_1"> Senior guaranteed trust securities held by the firm exchanged with the firm's junior subordinated debt securities held by the Trust </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_SeniorGuaranteedTrustSecuritiesHeldByFirmExchangedWithFirmsJuniorSubordinatedDebtSecuritiesHeldByTrust" xlink:to="gs_SeniorGuaranteedTrustSecuritiesHeldByFirmExchangedWithFirmsJuniorSubordinatedDebtSecuritiesHeldByTrust_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_SeniorGuaranteedTrustSecuritiesIssuedBy2012Trusts" xlink:label="gs_SeniorGuaranteedTrustSecuritiesIssuedBy2012Trusts"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_SeniorGuaranteedTrustSecuritiesIssuedBy2012Trusts_lbl" xml:lang="en-US" id="id_8104553_2299128_3_1"> Senior guaranteed trust securities issued by the Murray Street Trust and Vesey Street Trust (together, the 2012 Trusts). </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_SeniorGuaranteedTrustSecuritiesIssuedBy2012Trusts_lbl" xml:lang="en-US" id="id_8104553_2299128_1_1"> Senior Guaranteed Trust Securities Issued By 2012 Trusts </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_SeniorGuaranteedTrustSecuritiesIssuedBy2012Trusts_lbl" xml:lang="en-US" id="id_8104553_2299128_2_1"> Senior guaranteed trust securities issued by the Murray Street Trust and Vesey Street Trust (together, the 2012 Trusts) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_SeniorGuaranteedTrustSecuritiesIssuedBy2012Trusts" xlink:to="gs_SeniorGuaranteedTrustSecuritiesIssuedBy2012Trusts_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_SeniorNotesOfferingMember" xlink:label="gs_SeniorNotesOfferingMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_SeniorNotesOfferingMember_lbl" xml:lang="en-US" id="id_8104553_2392949_3_1"> Senior Notes Offering [Member] </label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInDiscountRate" xlink:label="us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInDiscountRate"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInDiscountRate_lbl" xml:lang="en-US" id="id_8104553_2038094_1_1"> Sensitivity Analysis of Fair Value, Transferor's Interests in Transferred Financial Assets, Impact of 10 Percent Adverse Change in Discount Rate </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInDiscountRate_lbl" xml:lang="en-US" id="id_8104553_2038094_14_1"> Impact of 10% adverse change </label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInPrepaymentSpeed" xlink:label="us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInPrepaymentSpeed"/>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf20PercentAdverseChangeInDiscountRate" xlink:label="us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf20PercentAdverseChangeInDiscountRate"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf20PercentAdverseChangeInDiscountRate_lbl" xml:lang="en-US" id="id_8104553_2033715_1_1"> Sensitivity Analysis of Fair Value, Transferor's Interests in Transferred Financial Assets, Impact of 20 Percent Adverse Change in Discount Rate </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf20PercentAdverseChangeInDiscountRate_lbl" xml:lang="en-US" id="id_8104553_2033715_14_1"> Impact of 20% adverse change </label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf20PercentAdverseChangeInPrepaymentSpeed" xlink:label="us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf20PercentAdverseChangeInPrepaymentSpeed"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf20PercentAdverseChangeInPrepaymentSpeed_lbl" xml:lang="en-US" id="id_8104553_2040117_1_1"> Sensitivity Analysis of Fair Value, Transferor's Interests in Transferred Financial Assets, Impact of 20 Percent Adverse Change in Prepayment Speed </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf20PercentAdverseChangeInPrepaymentSpeed_lbl" xml:lang="en-US" id="id_8104553_2040117_14_1"> Impact of 20% adverse change </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf20PercentAdverseChangeInPrepaymentSpeed" xlink:to="us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf20PercentAdverseChangeInPrepaymentSpeed_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInAssumptionLineItems" xlink:label="us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInAssumptionLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInAssumptionLineItems_lbl" xml:lang="en-US" id="id_8104553_2039728_1_1"> Sensitivity Analysis of Fair Value of Interests Continued to be Held by Transferor, Servicing Assets or Liabilities, Impact of Adverse Change in Assumption [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInAssumptionLineItems_lbl" xml:lang="en-US" id="id_8104553_2039728_2_1"> Sensitivity Analysis of Fair Value of Interests Continued to be Held by Transferor, Servicing Assets or Liabilities, Impact of Adverse Change in Assumption [Line Items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInAssumptionLineItems" xlink:to="us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInAssumptionLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesTable" xlink:label="us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesTable_lbl" xml:lang="en-US" id="id_8104553_2037340_1_1"> Schedule of Sensitivity Analysis of Fair Value, Transferor's Interests in Transferred Financial Assets [Table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesTable_lbl" xml:lang="en-US" id="id_8104553_2037340_2_1"> Schedule of Sensitivity Analysis of Fair Value, Transferor's Interests in Transferred Financial Assets [Table] </label>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SeriesAPreferredStockMember_lbl" xml:lang="en-US" id="id_8104553_2037928_1_1"> Series A Preferred Stock [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SeriesAPreferredStockMember_lbl" xml:lang="en-US" id="id_8104553_2037928_2_1"> Series A Preferred Stock [Member] </label>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SeriesCPreferredStockMember_lbl" xml:lang="en-US" id="id_8104553_2040118_1_1"> Series C Preferred Stock [Member] </label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SeriesDPreferredStockMember" xlink:label="us-gaap_SeriesDPreferredStockMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SeriesDPreferredStockMember_lbl" xml:lang="en-US" id="id_8104553_2038096_1_1"> Series D Preferred Stock [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SeriesDPreferredStockMember_lbl" xml:lang="en-US" id="id_8104553_2038096_2_1"> Series D Preferred Stock [Member] </label>
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<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_SeriesEAndSeriesFPreferredStockCancelledNetCarryingValue" xlink:label="gs_SeriesEAndSeriesFPreferredStockCancelledNetCarryingValue"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_SeriesEAndSeriesFPreferredStockCancelledNetCarryingValue_lbl" xml:lang="en-US" id="id_8104553_2385183_3_1"> Net carrying value of Series E and Series F Preferred Stock cancelled. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_SeriesEAndSeriesFPreferredStockCancelledNetCarryingValue_lbl" xml:lang="en-US" id="id_8104553_2385183_1_1"> Series E And Series F Preferred Stock Cancelled, Net Carrying Value </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_SeriesEAndSeriesFPreferredStockCancelledNetCarryingValue_lbl" xml:lang="en-US" id="id_8104553_2385183_2_1"> Series E and Series F Preferred Stock cancelled, net carrying value </label>
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<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_SeriesEAndSeriesFPreferredStockCancelledRedemptionValue" xlink:label="gs_SeriesEAndSeriesFPreferredStockCancelledRedemptionValue"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_SeriesEAndSeriesFPreferredStockCancelledRedemptionValue_lbl" xml:lang="en-US" id="id_8104553_2385176_3_1"> Redemption value of Series E and Series F Preferred Stock cancelled. </label>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_SeriesEAndSeriesFPreferredStockCancelledRedemptionValue_lbl" xml:lang="en-US" id="id_8104553_2385176_2_1"> Series E and Series F Preferred Stock canceled, redemption value </label>
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<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_SeriesEAndSeriesFPreferredStockProratedDividend" xlink:label="gs_SeriesEAndSeriesFPreferredStockProratedDividend"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_SeriesEAndSeriesFPreferredStockProratedDividend_lbl" xml:lang="en-US" id="id_8104553_2399082_3_1"> Series E and Series F Preferred Stock prorated dividend related to shares which were cancelled. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_SeriesEAndSeriesFPreferredStockProratedDividend_lbl" xml:lang="en-US" id="id_8104553_2399082_1_1"> Series E And Series F Preferred Stock Prorated Dividend </label>
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<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_SeriesEPreferredStockCancelledNumberOfShares" xlink:label="gs_SeriesEPreferredStockCancelledNumberOfShares"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_SeriesEPreferredStockCancelledNumberOfShares_lbl" xml:lang="en-US" id="id_8104553_2385184_3_1"> Series E Preferred Stock cancelled. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_SeriesEPreferredStockCancelledNumberOfShares_lbl" xml:lang="en-US" id="id_8104553_2385184_1_1"> Series E Preferred Stock Cancelled Number of Shares </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_SeriesEPreferredStockCancelledNumberOfShares_lbl" xml:lang="en-US" id="id_8104553_2385184_2_1"> Series E Preferred Stock cancelled, number of shares </label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SeriesEPreferredStockMember" xlink:label="us-gaap_SeriesEPreferredStockMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SeriesEPreferredStockMember_lbl" xml:lang="en-US" id="id_8104553_2039914_1_1"> Series E Preferred Stock [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SeriesEPreferredStockMember_lbl" xml:lang="en-US" id="id_8104553_2039914_2_1"> Series E Preferred Stock [Member] </label>
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<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_SeriesFPreferredStockCancelledNumberOfShares" xlink:label="gs_SeriesFPreferredStockCancelledNumberOfShares"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_SeriesFPreferredStockCancelledNumberOfShares_lbl" xml:lang="en-US" id="id_8104553_2385207_3_1"> Series F Preferred Stock cancelled. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_SeriesFPreferredStockCancelledNumberOfShares_lbl" xml:lang="en-US" id="id_8104553_2385207_1_1"> Series F Preferred Stock Cancelled Number of Shares </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_SeriesFPreferredStockCancelledNumberOfShares_lbl" xml:lang="en-US" id="id_8104553_2385207_2_1"> Series F Preferred Stock cancelled, number of shares </label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SeriesFPreferredStockMember" xlink:label="us-gaap_SeriesFPreferredStockMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SeriesFPreferredStockMember_lbl" xml:lang="en-US" id="id_8104553_2037173_1_1"> Series F Preferred Stock [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SeriesFPreferredStockMember_lbl" xml:lang="en-US" id="id_8104553_2037173_2_1"> Series F Preferred Stock [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SeriesFPreferredStockMember" xlink:to="us-gaap_SeriesFPreferredStockMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_SeriesIPreferredStockMember" xlink:label="gs_SeriesIPreferredStockMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_SeriesIPreferredStockMember_lbl" xml:lang="en-US" id="id_8104553_2249999_3_1"> Outstanding nonredeemable series I preferred stock or outstanding series I preferred stock. Classified within stockholders' equity if nonredeemable or redeemable solely at the option of the issuer. Classified within temporary equity if redemption is outside the control of the issuer. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_SeriesIPreferredStockMember_lbl" xml:lang="en-US" id="id_8104553_2249999_1_1"> Series I Preferred Stock [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_SeriesIPreferredStockMember_lbl" xml:lang="en-US" id="id_8104553_2249999_2_1"> Series I Preferred Stock [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_SeriesIPreferredStockMember" xlink:to="gs_SeriesIPreferredStockMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_SeriesJPreferredStockMember" xlink:label="gs_SeriesJPreferredStockMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_SeriesJPreferredStockMember_lbl" xml:lang="en-US" id="id_8104553_2334356_3_1"> Outstanding nonredeemable series J preferred stock or outstanding series J preferred stock. Classified within stockholders' equity if nonredeemable or redeemable solely at the option of the issuer. Classified within temporary equity if redemption is outside the control of the issuer. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_SeriesJPreferredStockMember_lbl" xml:lang="en-US" id="id_8104553_2334356_1_1"> Series J Preferred Stock [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_SeriesJPreferredStockMember_lbl" xml:lang="en-US" id="id_8104553_2334356_2_1"> Series J Preferred Stock [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_SeriesJPreferredStockMember" xlink:to="gs_SeriesJPreferredStockMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_SeriesKPreferredStockMember" xlink:label="gs_SeriesKPreferredStockMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_SeriesKPreferredStockMember_lbl" xml:lang="en-US" id="id_8104553_2158906_3_1"> Outstanding nonredeemable series K preferred stock or outstanding series K preferred stock. Classified within stockholders' equity if nonredeemable or redeemable solely at the option of the issuer. Classified within temporary equity if redemption is outside the control of the issuer. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_SeriesKPreferredStockMember_lbl" xml:lang="en-US" id="id_8104553_2158906_1_1"> Series K Preferred Stock [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_SeriesKPreferredStockMember_lbl" xml:lang="en-US" id="id_8104553_2158906_2_1"> Series K Preferred Stock [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_SeriesKPreferredStockMember" xlink:to="gs_SeriesKPreferredStockMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_SeriesLPreferredStockMember" xlink:label="gs_SeriesLPreferredStockMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_SeriesLPreferredStockMember_lbl" xml:lang="en-US" id="id_8104553_2305041_3_1"> Outstanding nonredeemable series L preferred stock or outstanding series L preferred stock. Classified within stockholders' equity if nonredeemable or redeemable solely at the option of the issuer. Classified within temporary equity if redemption is outside the control of the issuer. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_SeriesLPreferredStockMember_lbl" xml:lang="en-US" id="id_8104553_2305041_1_1"> Series L Preferred Stock [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_SeriesLPreferredStockMember_lbl" xml:lang="en-US" id="id_8104553_2305041_2_1"> Series L Preferred Stock [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_SeriesLPreferredStockMember" xlink:to="gs_SeriesLPreferredStockMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_SeriesMPreferredStockMember" xlink:label="gs_SeriesMPreferredStockMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_SeriesMPreferredStockMember_lbl" xml:lang="en-US" id="id_8104553_2236984_3_1"> Series M Preferred Stock [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_SeriesMPreferredStockMember_lbl" xml:lang="en-US" id="id_8104553_2236984_1_1"> Series M Preferred Stock [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_SeriesMPreferredStockMember_lbl" xml:lang="en-US" id="id_8104553_2236984_2_1"> Series M Preferred Stock [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_SeriesMPreferredStockMember" xlink:to="gs_SeriesMPreferredStockMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_SeriesNPreferredStockMember" xlink:label="gs_SeriesNPreferredStockMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_SeriesNPreferredStockMember_lbl" xml:lang="en-US" id="id_8104553_2049739_3_1"> Series N Preferred Stock [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_SeriesNPreferredStockMember_lbl" xml:lang="en-US" id="id_8104553_2049739_1_1"> Series N Preferred Stock [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_SeriesNPreferredStockMember_lbl" xml:lang="en-US" id="id_8104553_2049739_2_1"> Series N Preferred Stock [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_SeriesNPreferredStockMember" xlink:to="gs_SeriesNPreferredStockMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_SeriesOPreferredStockMember" xlink:label="gs_SeriesOPreferredStockMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_SeriesOPreferredStockMember_lbl" xml:lang="en-US" id="id_8104553_2161936_3_1"> Series O Preferred Stock [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_SeriesOPreferredStockMember_lbl" xml:lang="en-US" id="id_8104553_2161936_1_1"> Series O Preferred Stock [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_SeriesOPreferredStockMember_lbl" xml:lang="en-US" id="id_8104553_2161936_2_1"> Series O Preferred Stock [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_SeriesOPreferredStockMember" xlink:to="gs_SeriesOPreferredStockMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_ShareBasedAwards" xlink:label="gs_ShareBasedAwards"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_ShareBasedAwards_lbl" xml:lang="en-US" id="id_8104553_2093021_3_1"> Share based awards. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_ShareBasedAwards_lbl" xml:lang="en-US" id="id_8104553_2093021_1_1"> Share Based Awards </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_ShareBasedAwards_lbl" xml:lang="en-US" id="id_8104553_2093021_2_1"> Share-based awards </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_ShareBasedAwards" xlink:to="gs_ShareBasedAwards_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensation" xlink:label="us-gaap_ShareBasedCompensation"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensation_lbl" xml:lang="en-US" id="id_8104553_2039916_1_1"> Share-based Compensation </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ShareBasedCompensation_lbl" xml:lang="en-US" id="id_8104553_2039916_2_1"> Share-based compensation </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensation" xlink:to="us-gaap_ShareBasedCompensation_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationOptionAndIncentivePlansPolicy" xlink:label="us-gaap_ShareBasedCompensationOptionAndIncentivePlansPolicy"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensationOptionAndIncentivePlansPolicy_lbl" xml:lang="en-US" id="id_8104553_2039538_1_1"> Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ShareBasedCompensationOptionAndIncentivePlansPolicy_lbl" xml:lang="en-US" id="id_8104553_2039538_2_1"> Share-based Compensation, Policy </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationOptionAndIncentivePlansPolicy" xlink:to="us-gaap_ShareBasedCompensationOptionAndIncentivePlansPolicy_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_ShareholdersEquityTextBlock" xlink:label="gs_ShareholdersEquityTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_ShareholdersEquityTextBlock_lbl" xml:lang="en-US" id="id_8104553_2142372_3_1"> Disclosures related to accounts comprising shareholders' equity, including accumulated other comprehensive income. Includes: (1) balance for each classification of accumulated other comprehensive income and total amount of accumulated other comprehensive income, (2) transactions in common and preferred stock during the reporting period, (3) dividends declared, (4) share repurchase program and (5) significant terms and amounts related to classes of preferred stock issued and outstanding. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_ShareholdersEquityTextBlock_lbl" xml:lang="en-US" id="id_8104553_2142372_1_1"> Shareholders Equity [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_ShareholdersEquityTextBlock_lbl" xml:lang="en-US" id="id_8104553_2142372_2_1"> Shareholders' Equity </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_ShareholdersEquityTextBlock" xlink:to="gs_ShareholdersEquityTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShortTermBorrowings" xlink:label="us-gaap_ShortTermBorrowings"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShortTermBorrowings_lbl" xml:lang="en-US" id="id_8104553_2035873_1_1"> Short-term Debt </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_ShortTermBorrowings_lbl" xml:lang="en-US" id="id_8104553_2035873_6_1"> Total </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShortTermBorrowings" xlink:to="us-gaap_ShortTermBorrowings_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_ShortTermBorrowingsTableTextBlock" xlink:label="gs_ShortTermBorrowingsTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_ShortTermBorrowingsTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2118091_3_1"> Short-term borrowings. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_ShortTermBorrowingsTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2118091_1_1"> Short Term Borrowings Table [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_ShortTermBorrowingsTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2118091_2_1"> Short-Term Borrowings </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_ShortTermBorrowingsTableTextBlock" xlink:to="gs_ShortTermBorrowingsTableTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShortTermDebtTextBlock" xlink:label="us-gaap_ShortTermDebtTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShortTermDebtTextBlock_lbl" xml:lang="en-US" id="id_8104553_2035131_1_1"> Short-term Debt [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ShortTermDebtTextBlock_lbl" xml:lang="en-US" id="id_8104553_2035131_2_1"> Short-Term Borrowings </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShortTermDebtTextBlock" xlink:to="us-gaap_ShortTermDebtTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SignificantAccountingPoliciesTextBlock" xlink:label="us-gaap_SignificantAccountingPoliciesTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SignificantAccountingPoliciesTextBlock_lbl" xml:lang="en-US" id="id_8104553_2038494_1_1"> Significant Accounting Policies [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SignificantAccountingPoliciesTextBlock_lbl" xml:lang="en-US" id="id_8104553_2038494_2_1"> Significant Accounting Policies </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SignificantAccountingPoliciesTextBlock" xlink:to="us-gaap_SignificantAccountingPoliciesTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_SolazymeIncSecuritiesLitigationMember" xlink:label="gs_SolazymeIncSecuritiesLitigationMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_SolazymeIncSecuritiesLitigationMember_lbl" xml:lang="en-US" id="id_8104553_2326527_3_1"> Solazyme Inc securities litigation. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_SolazymeIncSecuritiesLitigationMember_lbl" xml:lang="en-US" id="id_8104553_2326527_1_1"> Solazyme, Inc. Securities Litigation [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_SolazymeIncSecuritiesLitigationMember_lbl" xml:lang="en-US" id="id_8104553_2326527_2_1"> Solazyme, Inc. Securities Litigation [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_SolazymeIncSecuritiesLitigationMember" xlink:to="gs_SolazymeIncSecuritiesLitigationMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_SoldAssetsPreviouslyClassifiedAsHeldForSaleExchangedForFinancialInstruments" xlink:label="gs_SoldAssetsPreviouslyClassifiedAsHeldForSaleExchangedForFinancialInstruments"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_SoldAssetsPreviouslyClassifiedAsHeldForSaleExchangedForFinancialInstruments_lbl" xml:lang="en-US" id="id_8104553_2386069_3_1"> Sold assets previously classified as held for sale exchanged for financial instruments. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_SoldAssetsPreviouslyClassifiedAsHeldForSaleExchangedForFinancialInstruments_lbl" xml:lang="en-US" id="id_8104553_2386069_1_1"> Sold Assets Previously Classified as Held for Sale Exchanged for Financial Instruments </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_SoldAssetsPreviouslyClassifiedAsHeldForSaleExchangedForFinancialInstruments_lbl" xml:lang="en-US" id="id_8104553_2386069_2_1"> Sold assets previously classified as held for sale exchanged for financial instruments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_SoldAssetsPreviouslyClassifiedAsHeldForSaleExchangedForFinancialInstruments" xlink:to="gs_SoldAssetsPreviouslyClassifiedAsHeldForSaleExchangedForFinancialInstruments_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_SoldLiabilitiesPreviouslyClassifiedAsHeldForSaleExchangedForFinancialInstruments" xlink:label="gs_SoldLiabilitiesPreviouslyClassifiedAsHeldForSaleExchangedForFinancialInstruments"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_SoldLiabilitiesPreviouslyClassifiedAsHeldForSaleExchangedForFinancialInstruments_lbl" xml:lang="en-US" id="id_8104553_2386070_3_1"> Sold liabilities previously classified as held for sale exchanged for financial instruments. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_SoldLiabilitiesPreviouslyClassifiedAsHeldForSaleExchangedForFinancialInstruments_lbl" xml:lang="en-US" id="id_8104553_2386070_1_1"> Sold Liabilities Previously Classified as Held for Sale Exchanged for Financial Instruments </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_SoldLiabilitiesPreviouslyClassifiedAsHeldForSaleExchangedForFinancialInstruments_lbl" xml:lang="en-US" id="id_8104553_2386070_2_1"> Sold liabilities previously classified as held for sale exchanged for financial instruments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_SoldLiabilitiesPreviouslyClassifiedAsHeldForSaleExchangedForFinancialInstruments" xlink:to="gs_SoldLiabilitiesPreviouslyClassifiedAsHeldForSaleExchangedForFinancialInstruments_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_SpecificRiskMember" xlink:label="gs_SpecificRiskMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_SpecificRiskMember_lbl" xml:lang="en-US" id="id_8104553_2321203_3_1"> Specific risk. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_SpecificRiskMember_lbl" xml:lang="en-US" id="id_8104553_2321203_1_1"> Specific Risk [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_SpecificRiskMember_lbl" xml:lang="en-US" id="id_8104553_2321203_2_1"> Specific Risk [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_SpecificRiskMember" xlink:to="gs_SpecificRiskMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_StandardizedCapitalRulesMember" xlink:label="gs_StandardizedCapitalRulesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_StandardizedCapitalRulesMember_lbl" xml:lang="en-US" id="id_8104553_2119382_3_1"> Standardized Capital Rules [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_StandardizedCapitalRulesMember_lbl" xml:lang="en-US" id="id_8104553_2119382_1_1"> Standardized Capital Rules [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_StandardizedCapitalRulesMember_lbl" xml:lang="en-US" id="id_8104553_2119382_2_1"> Standardized Capital Rules [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_StandardizedCapitalRulesMember" xlink:to="gs_StandardizedCapitalRulesMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_StandardizedTierTwoCapital" xlink:label="gs_StandardizedTierTwoCapital"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_StandardizedTierTwoCapital_lbl" xml:lang="en-US" id="id_8104553_2351453_3_1"> Tier 2 capital calculated in accordance with the Standardized Capital Rules. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_StandardizedTierTwoCapital_lbl" xml:lang="en-US" id="id_8104553_2351453_1_1"> Standardized Tier Two Capital </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_StandardizedTierTwoCapital_lbl" xml:lang="en-US" id="id_8104553_2351453_2_1"> Standardized Tier 2 capital </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_StandardizedTierTwoCapital" xlink:to="gs_StandardizedTierTwoCapital_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StateAndLocalJurisdictionMember" xlink:label="us-gaap_StateAndLocalJurisdictionMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StateAndLocalJurisdictionMember_lbl" xml:lang="en-US" id="id_8104553_2037951_1_1"> State and Local Jurisdiction [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_StateAndLocalJurisdictionMember_lbl" xml:lang="en-US" id="id_8104553_2037951_2_1"> New York State and City [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StateAndLocalJurisdictionMember" xlink:to="us-gaap_StateAndLocalJurisdictionMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StatementBusinessSegmentsAxis" xlink:label="us-gaap_StatementBusinessSegmentsAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementBusinessSegmentsAxis_lbl" xml:lang="en-US" id="id_8104553_2037188_1_1"> Segments [Axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_StatementBusinessSegmentsAxis_lbl" xml:lang="en-US" id="id_8104553_2037188_2_1"> Segments [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementBusinessSegmentsAxis" xlink:to="us-gaap_StatementBusinessSegmentsAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StatementClassOfStockAxis" xlink:label="us-gaap_StatementClassOfStockAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementClassOfStockAxis_lbl" xml:lang="en-US" id="id_8104553_2039549_1_1"> Class of Stock [Axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_StatementClassOfStockAxis_lbl" xml:lang="en-US" id="id_8104553_2039549_2_1"> Class of Stock [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementClassOfStockAxis" xlink:to="us-gaap_StatementClassOfStockAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StatementEquityComponentsAxis" xlink:label="us-gaap_StatementEquityComponentsAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementEquityComponentsAxis_lbl" xml:lang="en-US" id="id_8104553_2040323_1_1"> Equity Components [Axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_StatementEquityComponentsAxis_lbl" xml:lang="en-US" id="id_8104553_2040323_2_1"> Equity Components [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementEquityComponentsAxis" xlink:to="us-gaap_StatementEquityComponentsAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StatementGeographicalAxis" xlink:label="us-gaap_StatementGeographicalAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementGeographicalAxis_lbl" xml:lang="en-US" id="id_8104553_2039550_1_1"> Geographical [Axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_StatementGeographicalAxis_lbl" xml:lang="en-US" id="id_8104553_2039550_2_1"> Geographical [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementGeographicalAxis" xlink:to="us-gaap_StatementGeographicalAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StatementLineItems" xlink:label="us-gaap_StatementLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementLineItems_lbl" xml:lang="en-US" id="id_8104553_2039551_1_1"> Statement [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_StatementLineItems_lbl" xml:lang="en-US" id="id_8104553_2039551_2_1"> Statement [Line Items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementLineItems" xlink:to="us-gaap_StatementLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StatementOfCashFlowsAbstract" xlink:label="us-gaap_StatementOfCashFlowsAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementOfCashFlowsAbstract_lbl" xml:lang="en-US" id="id_8104553_2038498_1_1"> Statement of Cash Flows [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_StatementOfCashFlowsAbstract_lbl" xml:lang="en-US" id="id_8104553_2038498_2_1"> Statement of Cash Flows [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementOfCashFlowsAbstract" xlink:to="us-gaap_StatementOfCashFlowsAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StatementOfFinancialPositionAbstract" xlink:label="us-gaap_StatementOfFinancialPositionAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementOfFinancialPositionAbstract_lbl" xml:lang="en-US" id="id_8104553_2039336_1_1"> Statement of Financial Position [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_StatementOfFinancialPositionAbstract_lbl" xml:lang="en-US" id="id_8104553_2039336_2_1"> Statement of Financial Position [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementOfFinancialPositionAbstract" xlink:to="us-gaap_StatementOfFinancialPositionAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract" xlink:label="us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_lbl" xml:lang="en-US" id="id_8104553_2035883_1_1"> Statement of Comprehensive Income [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_lbl" xml:lang="en-US" id="id_8104553_2035883_2_1"> Statement of Comprehensive Income [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract" xlink:to="us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StatementOfStockholdersEquityAbstract" xlink:label="us-gaap_StatementOfStockholdersEquityAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementOfStockholdersEquityAbstract_lbl" xml:lang="en-US" id="id_8104553_2040324_1_1"> Statement of Stockholders' Equity [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_StatementOfStockholdersEquityAbstract_lbl" xml:lang="en-US" id="id_8104553_2040324_2_1"> Statement of Stockholders' Equity [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementOfStockholdersEquityAbstract" xlink:to="us-gaap_StatementOfStockholdersEquityAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StatementTable" xlink:label="us-gaap_StatementTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementTable_lbl" xml:lang="en-US" id="id_8104553_2038726_1_1"> Statement [Table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_StatementTable_lbl" xml:lang="en-US" id="id_8104553_2038726_2_1"> Statement [Table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementTable" xlink:to="us-gaap_StatementTable_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StockholdersEquity" xlink:label="us-gaap_StockholdersEquity"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockholdersEquity_lbl" xml:lang="en-US" id="id_8104553_2035141_1_1"> Stockholders' Equity Attributable to Parent </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_StockholdersEquity_lbl" xml:lang="en-US" id="id_8104553_2035141_4_1"> Ending Balance </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_StockholdersEquity_lbl" xml:lang="en-US" id="id_8104553_2035141_5_1"> Beginning Balance </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_StockholdersEquity_lbl" xml:lang="en-US" id="id_8104553_2035141_6_1"> Total shareholders' equity </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquity" xlink:to="us-gaap_StockholdersEquity_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StockholdersEquityAbstract" xlink:label="us-gaap_StockholdersEquityAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockholdersEquityAbstract_lbl" xml:lang="en-US" id="id_8104553_2035553_1_1"> Stockholders' Equity Attributable to Parent [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_StockholdersEquityAbstract_lbl" xml:lang="en-US" id="id_8104553_2035553_2_1"> Shareholders' equity </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquityAbstract" xlink:to="us-gaap_StockholdersEquityAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueNewIssues" xlink:label="us-gaap_StockIssuedDuringPeriodValueNewIssues"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockIssuedDuringPeriodValueNewIssues_lbl" xml:lang="en-US" id="id_8104553_2038306_1_1"> Stock Issued During Period, Value, New Issues </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_StockIssuedDuringPeriodValueNewIssues_lbl" xml:lang="en-US" id="id_8104553_2038306_2_1"> Issued </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodValueNewIssues" xlink:to="us-gaap_StockIssuedDuringPeriodValueNewIssues_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised" xlink:label="us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised_lbl" xml:lang="en-US" id="id_8104553_2038502_1_1"> Stock Issued During Period, Value, Stock Options Exercised </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised_lbl" xml:lang="en-US" id="id_8104553_2038502_2_1"> Exercise of share-based awards </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised" xlink:to="us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueTreasuryStockReissued" xlink:label="us-gaap_StockIssuedDuringPeriodValueTreasuryStockReissued"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockIssuedDuringPeriodValueTreasuryStockReissued_lbl" xml:lang="en-US" id="id_8104553_2033736_1_1"> Stock Issued During Period, Value, Treasury Stock Reissued </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_StockIssuedDuringPeriodValueTreasuryStockReissued_lbl" xml:lang="en-US" id="id_8104553_2033736_2_1"> Reissued </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodValueTreasuryStockReissued" xlink:to="us-gaap_StockIssuedDuringPeriodValueTreasuryStockReissued_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_StockOptionsForDilutedEarningsPerShareCalculation" xlink:label="gs_StockOptionsForDilutedEarningsPerShareCalculation"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_StockOptionsForDilutedEarningsPerShareCalculation_lbl" xml:lang="en-US" id="id_8104553_2294121_3_1"> Represents stock options included in the calculation of diluted earnings per share. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_StockOptionsForDilutedEarningsPerShareCalculation_lbl" xml:lang="en-US" id="id_8104553_2294121_1_1"> Stock Options For Diluted Earnings Per Share Calculation </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_StockOptionsForDilutedEarningsPerShareCalculation_lbl" xml:lang="en-US" id="id_8104553_2294121_2_1"> Stock options </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_StockOptionsForDilutedEarningsPerShareCalculation" xlink:to="gs_StockOptionsForDilutedEarningsPerShareCalculation_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StockRedeemedOrCalledDuringPeriodValue" xlink:label="us-gaap_StockRedeemedOrCalledDuringPeriodValue"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockRedeemedOrCalledDuringPeriodValue_lbl" xml:lang="en-US" id="id_8104553_2035887_1_1"> Stock Redeemed or Called During Period, Value </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_StockRedeemedOrCalledDuringPeriodValue_lbl" xml:lang="en-US" id="id_8104553_2035887_14_1"> Redeemed </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockRedeemedOrCalledDuringPeriodValue" xlink:to="us-gaap_StockRedeemedOrCalledDuringPeriodValue_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_StressedVarMember" xlink:label="gs_StressedVarMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_StressedVarMember_lbl" xml:lang="en-US" id="id_8104553_2296255_3_1"> Stressed VaR [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_StressedVarMember_lbl" xml:lang="en-US" id="id_8104553_2296255_1_1"> Stressed VaR [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_StressedVarMember_lbl" xml:lang="en-US" id="id_8104553_2296255_2_1"> Stressed VaR [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_StressedVarMember" xlink:to="gs_StressedVarMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_SubordinatedDebtMaturityPeriod" xlink:label="gs_SubordinatedDebtMaturityPeriod"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_SubordinatedDebtMaturityPeriod_lbl" xml:lang="en-US" id="id_8104553_2233773_3_1"> Subordinated debt maturity period. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_SubordinatedDebtMaturityPeriod_lbl" xml:lang="en-US" id="id_8104553_2233773_1_1"> Subordinated Debt Maturity Period </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_SubordinatedDebtMaturityPeriod_lbl" xml:lang="en-US" id="id_8104553_2233773_2_1"> Subordinated debt maturity period </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_SubordinatedDebtMaturityPeriod" xlink:to="gs_SubordinatedDebtMaturityPeriod_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SubordinatedDebtMember" xlink:label="us-gaap_SubordinatedDebtMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SubordinatedDebtMember_lbl" xml:lang="en-US" id="id_8104553_2039349_1_1"> Subordinated Debt [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SubordinatedDebtMember_lbl" xml:lang="en-US" id="id_8104553_2039349_2_1"> Subordinated Debt [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SubordinatedDebtMember" xlink:to="us-gaap_SubordinatedDebtMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_SubordinatedLiabilitiesIssuedByConsolidatedVIEs" xlink:label="gs_SubordinatedLiabilitiesIssuedByConsolidatedVIEs"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_SubordinatedLiabilitiesIssuedByConsolidatedVIEs_lbl" xml:lang="en-US" id="id_8104553_2065658_3_1"> Subordinated liabilities issued by consolidated VIEs. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_SubordinatedLiabilitiesIssuedByConsolidatedVIEs_lbl" xml:lang="en-US" id="id_8104553_2065658_1_1"> Subordinated Liabilities Issued By Consolidated V I Es </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_SubordinatedLiabilitiesIssuedByConsolidatedVIEs_lbl" xml:lang="en-US" id="id_8104553_2065658_2_1"> Subordinated liabilities of consolidated VIEs </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_SubordinatedLiabilitiesIssuedByConsolidatedVIEs" xlink:to="gs_SubordinatedLiabilitiesIssuedByConsolidatedVIEs_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_SubordinatedLongTermBorrowingsTableTextBlock" xlink:label="gs_SubordinatedLongTermBorrowingsTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_SubordinatedLongTermBorrowingsTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2087299_3_1"> Subordinated long-term borrowings. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_SubordinatedLongTermBorrowingsTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2087299_1_1"> Subordinated Long Term Borrowings Table [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_SubordinatedLongTermBorrowingsTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2087299_2_1"> Subordinated Long-Term Borrowings </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_SubordinatedLongTermBorrowingsTableTextBlock" xlink:to="gs_SubordinatedLongTermBorrowingsTableTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SubordinatedLongTermDebt" xlink:label="us-gaap_SubordinatedLongTermDebt"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SubordinatedLongTermDebt_lbl" xml:lang="en-US" id="id_8104553_2040518_1_1"> Subordinated Long-term Debt, Noncurrent </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_SubordinatedLongTermDebt_lbl" xml:lang="en-US" id="id_8104553_2040518_6_1"> Total subordinated Long-term Borrowings </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SubordinatedLongTermDebt" xlink:to="us-gaap_SubordinatedLongTermDebt_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_SubordinatedLongTermDebtParAmount" xlink:label="gs_SubordinatedLongTermDebtParAmount"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_SubordinatedLongTermDebtParAmount_lbl" xml:lang="en-US" id="id_8104553_2070455_3_1"> Par value as of the balance sheet date of total uncollateralized subordinated debt obligations (with maturities after one year from the balance sheet date), excluding current portion. Subordinated debt places lender in a lien position behind the primary lender of the company. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_SubordinatedLongTermDebtParAmount_lbl" xml:lang="en-US" id="id_8104553_2070455_1_1"> Subordinated Long Term Debt Par Amount </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_SubordinatedLongTermDebtParAmount_lbl" xml:lang="en-US" id="id_8104553_2070455_2_1"> Total subordinated Long-term Borrowings, par amount </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_SubordinatedLongTermDebtParAmount" xlink:to="gs_SubordinatedLongTermDebtParAmount_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SubsequentEventMember" xlink:label="us-gaap_SubsequentEventMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SubsequentEventMember_lbl" xml:lang="en-US" id="id_8104553_2039759_1_1"> Subsequent Event [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SubsequentEventMember_lbl" xml:lang="en-US" id="id_8104553_2039759_2_1"> Subsequent Event [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SubsequentEventMember" xlink:to="us-gaap_SubsequentEventMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SubsequentEventTypeAxis" xlink:label="us-gaap_SubsequentEventTypeAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SubsequentEventTypeAxis_lbl" xml:lang="en-US" id="id_8104553_2037362_1_1"> Subsequent Event Type [Axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SubsequentEventTypeAxis_lbl" xml:lang="en-US" id="id_8104553_2037362_2_1"> Subsequent Event Type [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SubsequentEventTypeAxis" xlink:to="us-gaap_SubsequentEventTypeAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SubsequentEventTypeDomain" xlink:label="us-gaap_SubsequentEventTypeDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SubsequentEventTypeDomain_lbl" xml:lang="en-US" id="id_8104553_2039761_1_1"> Subsequent Event Type [Domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SubsequentEventTypeDomain_lbl" xml:lang="en-US" id="id_8104553_2039761_2_1"> Subsequent Event Type [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SubsequentEventTypeDomain" xlink:to="us-gaap_SubsequentEventTypeDomain_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_SubsidiaryOneMember" xlink:label="gs_SubsidiaryOneMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_SubsidiaryOneMember_lbl" xml:lang="en-US" id="id_8104553_2372818_3_1"> GSEC. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_SubsidiaryOneMember_lbl" xml:lang="en-US" id="id_8104553_2372818_1_1"> Subsidiary One [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_SubsidiaryOneMember_lbl" xml:lang="en-US" id="id_8104553_2372818_2_1"> GSEC [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_SubsidiaryOneMember" xlink:to="gs_SubsidiaryOneMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_SubsidiaryThreeMember" xlink:label="gs_SubsidiaryThreeMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_SubsidiaryThreeMember_lbl" xml:lang="en-US" id="id_8104553_2230191_3_1"> GS Bank USA. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_SubsidiaryThreeMember_lbl" xml:lang="en-US" id="id_8104553_2230191_1_1"> Subsidiary Three [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_SubsidiaryThreeMember_lbl" xml:lang="en-US" id="id_8104553_2230191_2_1"> GS Bank USA [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_SubsidiaryThreeMember" xlink:to="gs_SubsidiaryThreeMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_SubsidiaryTwoMember" xlink:label="gs_SubsidiaryTwoMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_SubsidiaryTwoMember_lbl" xml:lang="en-US" id="id_8104553_2094567_3_1"> GS&Co. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_SubsidiaryTwoMember_lbl" xml:lang="en-US" id="id_8104553_2094567_1_1"> Subsidiary Two [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_SubsidiaryTwoMember_lbl" xml:lang="en-US" id="id_8104553_2094567_2_1"> GS&Co [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_SubsidiaryTwoMember" xlink:to="gs_SubsidiaryTwoMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_SummaryOfAccountingAndFinancialPoliciesLineItems" xlink:label="gs_SummaryOfAccountingAndFinancialPoliciesLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_SummaryOfAccountingAndFinancialPoliciesLineItems_lbl" xml:lang="en-US" id="id_8104553_2207104_3_1"> Summary of Accounting and Financial Policies [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_SummaryOfAccountingAndFinancialPoliciesLineItems_lbl" xml:lang="en-US" id="id_8104553_2207104_1_1"> Summary of Accounting and Financial Policies [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_SummaryOfAccountingAndFinancialPoliciesLineItems_lbl" xml:lang="en-US" id="id_8104553_2207104_2_1"> Summary of Accounting and Financial Policies [Line Items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_SummaryOfAccountingAndFinancialPoliciesLineItems" xlink:to="gs_SummaryOfAccountingAndFinancialPoliciesLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_SummaryOfAccountingAndFinancialPoliciesTable" xlink:label="gs_SummaryOfAccountingAndFinancialPoliciesTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_SummaryOfAccountingAndFinancialPoliciesTable_lbl" xml:lang="en-US" id="id_8104553_2246807_3_1"> Summary of Accounting and Financial Policies [Table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_SummaryOfAccountingAndFinancialPoliciesTable_lbl" xml:lang="en-US" id="id_8104553_2246807_1_1"> Summary of Accounting and Financial Policies [Table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_SummaryOfAccountingAndFinancialPoliciesTable_lbl" xml:lang="en-US" id="id_8104553_2246807_2_1"> Summary of Accounting and Financial Policies [Table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_SummaryOfAccountingAndFinancialPoliciesTable" xlink:to="gs_SummaryOfAccountingAndFinancialPoliciesTable_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_SummaryOfDividendRatesOfPerpetualPreferredStockIssuedAndOutstandingTableTextBlock" xlink:label="gs_SummaryOfDividendRatesOfPerpetualPreferredStockIssuedAndOutstandingTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_SummaryOfDividendRatesOfPerpetualPreferredStockIssuedAndOutstandingTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2144116_3_1"> Summary of dividend rates of perpetual preferred stock issued and outstanding. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_SummaryOfDividendRatesOfPerpetualPreferredStockIssuedAndOutstandingTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2144116_1_1"> Summary Of Dividend Rates Of Perpetual Preferred Stock Issued And Outstanding Table [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_SummaryOfDividendRatesOfPerpetualPreferredStockIssuedAndOutstandingTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2144116_2_1"> Summary of Dividend Rates of Perpetual Preferred Stock Issued and Outstanding </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_SummaryOfDividendRatesOfPerpetualPreferredStockIssuedAndOutstandingTableTextBlock" xlink:to="gs_SummaryOfDividendRatesOfPerpetualPreferredStockIssuedAndOutstandingTableTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SummaryOfIncomeTaxExaminationsTextBlock" xlink:label="us-gaap_SummaryOfIncomeTaxExaminationsTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SummaryOfIncomeTaxExaminationsTextBlock_lbl" xml:lang="en-US" id="id_8104553_2037728_1_1"> Summary of Income Tax Examinations [Table Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SummaryOfIncomeTaxExaminationsTextBlock_lbl" xml:lang="en-US" id="id_8104553_2037728_2_1"> Earliest Tax Years Subject to Examination by Major Jurisdiction </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SummaryOfIncomeTaxExaminationsTextBlock" xlink:to="us-gaap_SummaryOfIncomeTaxExaminationsTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_SummaryOfPerpetualPreferredStockIssuedAndOutstandingTableTextBlock" xlink:label="gs_SummaryOfPerpetualPreferredStockIssuedAndOutstandingTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_SummaryOfPerpetualPreferredStockIssuedAndOutstandingTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2074948_3_1"> Summary of perpetual preferred stock issued and outstanding. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_SummaryOfPerpetualPreferredStockIssuedAndOutstandingTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2074948_1_1"> Summary Of Perpetual Preferred Stock Issued And Outstanding Table [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_SummaryOfPerpetualPreferredStockIssuedAndOutstandingTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2074948_2_1"> Summary of Perpetual Preferred Stock Issued and Outstanding </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_SummaryOfPerpetualPreferredStockIssuedAndOutstandingTableTextBlock" xlink:to="gs_SummaryOfPerpetualPreferredStockIssuedAndOutstandingTableTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_SummaryOfPreferredDividendsDeclaredOnPreferredStockIssuedTableTextBlock" xlink:label="gs_SummaryOfPreferredDividendsDeclaredOnPreferredStockIssuedTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_SummaryOfPreferredDividendsDeclaredOnPreferredStockIssuedTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2221958_3_1"> Summary of preferred dividends declared on preferred stock. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_SummaryOfPreferredDividendsDeclaredOnPreferredStockIssuedTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2221958_1_1"> Summary Of Preferred Dividends Declared On Preferred Stock Issued Table [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_SummaryOfPreferredDividendsDeclaredOnPreferredStockIssuedTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2221958_2_1"> Summary of Preferred Dividends Declared on Preferred Stock Issued </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_SummaryOfPreferredDividendsDeclaredOnPreferredStockIssuedTableTextBlock" xlink:to="gs_SummaryOfPreferredDividendsDeclaredOnPreferredStockIssuedTableTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_SunEdisonSecuritiesLitigationMember" xlink:label="gs_SunEdisonSecuritiesLitigationMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_SunEdisonSecuritiesLitigationMember_lbl" xml:lang="en-US" id="id_8104553_2392904_3_1"> SunEdison Securities Litigation [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_SunEdisonSecuritiesLitigationMember_lbl" xml:lang="en-US" id="id_8104553_2392904_1_1"> SunEdison Securities Litigation [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_SunEdisonSecuritiesLitigationMember_lbl" xml:lang="en-US" id="id_8104553_2392904_2_1"> SunEdison Securities Litigation [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_SunEdisonSecuritiesLitigationMember" xlink:to="gs_SunEdisonSecuritiesLitigationMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SupplementalCashFlowInformationAbstract" xlink:label="us-gaap_SupplementalCashFlowInformationAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SupplementalCashFlowInformationAbstract_lbl" xml:lang="en-US" id="id_8104553_2036634_1_1"> Supplemental Cash Flow Information [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SupplementalCashFlowInformationAbstract_lbl" xml:lang="en-US" id="id_8104553_2036634_2_1"> SUPPLEMENTAL DISCLOSURES: </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SupplementalCashFlowInformationAbstract" xlink:to="us-gaap_SupplementalCashFlowInformationAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SupplyCommitmentArrangementMember" xlink:label="us-gaap_SupplyCommitmentArrangementMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SupplyCommitmentArrangementMember_lbl" xml:lang="en-US" id="id_8104553_2035742_1_1"> Supply Commitment Arrangement [Domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SupplyCommitmentArrangementMember_lbl" xml:lang="en-US" id="id_8104553_2035742_2_1"> Supply Commitment Arrangement [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SupplyCommitmentArrangementMember" xlink:to="us-gaap_SupplyCommitmentArrangementMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SupplyCommitmentAxis" xlink:label="us-gaap_SupplyCommitmentAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SupplyCommitmentAxis_lbl" xml:lang="en-US" id="id_8104553_2037010_1_1"> Supply Commitment [Axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SupplyCommitmentAxis_lbl" xml:lang="en-US" id="id_8104553_2037010_2_1"> Supply Commitment [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SupplyCommitmentAxis" xlink:to="us-gaap_SupplyCommitmentAxis_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_TerraFormGlobalSecuritiesLitigationMember" xlink:label="gs_TerraFormGlobalSecuritiesLitigationMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_TerraFormGlobalSecuritiesLitigationMember_lbl" xml:lang="en-US" id="id_8104553_2392903_3_1"> TerraForm Global Securities Litigation [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_TerraFormGlobalSecuritiesLitigationMember_lbl" xml:lang="en-US" id="id_8104553_2392903_1_1"> TerraForm Global Securities Litigation [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_TerraFormGlobalSecuritiesLitigationMember_lbl" xml:lang="en-US" id="id_8104553_2392903_2_1"> TerraForm Global Securities Litigation [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_TerraFormGlobalSecuritiesLitigationMember" xlink:to="gs_TerraFormGlobalSecuritiesLitigationMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="us-gaap_TextBlockAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_TextBlockAbstract_lbl" xml:lang="en-US" id="id_8104553_2033750_1_1"> Text Block [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_TextBlockAbstract_lbl" xml:lang="en-US" id="id_8104553_2033750_2_1"> Text Block [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TextBlockAbstract" xlink:to="us-gaap_TextBlockAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_ThirdPartyJuniorSubordinatedDebtAxis" xlink:label="gs_ThirdPartyJuniorSubordinatedDebtAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_ThirdPartyJuniorSubordinatedDebtAxis_lbl" xml:lang="en-US" id="id_8104553_2226816_3_1"> Third party junior subordinated debt. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_ThirdPartyJuniorSubordinatedDebtAxis_lbl" xml:lang="en-US" id="id_8104553_2226816_1_1"> Third Party Junior Subordinated Debt [Axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_ThirdPartyJuniorSubordinatedDebtAxis_lbl" xml:lang="en-US" id="id_8104553_2226816_2_1"> Third Party Junior Subordinated Debt [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_ThirdPartyJuniorSubordinatedDebtAxis" xlink:to="gs_ThirdPartyJuniorSubordinatedDebtAxis_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_ThirdPartyJuniorSubordinatedDebtDomain" xlink:label="gs_ThirdPartyJuniorSubordinatedDebtDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_ThirdPartyJuniorSubordinatedDebtDomain_lbl" xml:lang="en-US" id="id_8104553_2365412_3_1"> Third Party Junior Subordinated Debt [Domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_ThirdPartyJuniorSubordinatedDebtDomain_lbl" xml:lang="en-US" id="id_8104553_2365412_1_1"> Third Party Junior Subordinated Debt [Domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_ThirdPartyJuniorSubordinatedDebtDomain_lbl" xml:lang="en-US" id="id_8104553_2365412_2_1"> Third Party Junior Subordinated Debt [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_ThirdPartyJuniorSubordinatedDebtDomain" xlink:to="gs_ThirdPartyJuniorSubordinatedDebtDomain_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_Tier1IncreasedDeductionsDueToTransitionalProvisions" xlink:label="gs_Tier1IncreasedDeductionsDueToTransitionalProvisions"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_Tier1IncreasedDeductionsDueToTransitionalProvisions_lbl" xml:lang="en-US" id="id_8104553_2308248_3_1"> Change in transitional provisions related to capital rules. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_Tier1IncreasedDeductionsDueToTransitionalProvisions_lbl" xml:lang="en-US" id="id_8104553_2308248_1_1"> Tier 1 Increased Deductions Due To Transitional Provisions </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="gs_Tier1IncreasedDeductionsDueToTransitionalProvisions_lbl" xml:lang="en-US" id="id_8104553_2308248_14_1"> Change in deductions for transitional provisions </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_Tier1IncreasedDeductionsDueToTransitionalProvisions" xlink:to="gs_Tier1IncreasedDeductionsDueToTransitionalProvisions_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_Tier1IncreasedDeductionsDueToTransitionalProvisionsPercentage" xlink:label="gs_Tier1IncreasedDeductionsDueToTransitionalProvisionsPercentage"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_Tier1IncreasedDeductionsDueToTransitionalProvisionsPercentage_lbl" xml:lang="en-US" id="id_8104553_2167233_3_1"> Tier1 increased deductions due to transitional provisions percentage. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_Tier1IncreasedDeductionsDueToTransitionalProvisionsPercentage_lbl" xml:lang="en-US" id="id_8104553_2167233_1_1"> Tier1 Increased Deductions Due To Transitional Provisions Percentage </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_Tier1IncreasedDeductionsDueToTransitionalProvisionsPercentage_lbl" xml:lang="en-US" id="id_8104553_2167233_2_1"> Increased deductions due to transitional provisions, percentage </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_Tier1IncreasedDeductionsDueToTransitionalProvisionsPercentage" xlink:to="gs_Tier1IncreasedDeductionsDueToTransitionalProvisionsPercentage_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_Tier2IncreasedDeductionsDueToTransitionalProvisions" xlink:label="gs_Tier2IncreasedDeductionsDueToTransitionalProvisions"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_Tier2IncreasedDeductionsDueToTransitionalProvisions_lbl" xml:lang="en-US" id="id_8104553_2346850_3_1"> Change in transitional provisions related to capital rules. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_Tier2IncreasedDeductionsDueToTransitionalProvisions_lbl" xml:lang="en-US" id="id_8104553_2346850_1_1"> Tier 2 Increased Deductions Due ToTransitional Provisions </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="gs_Tier2IncreasedDeductionsDueToTransitionalProvisions_lbl" xml:lang="en-US" id="id_8104553_2346850_14_1"> Increased deductions for transitional provisions </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_Tier2IncreasedDeductionsDueToTransitionalProvisions" xlink:to="gs_Tier2IncreasedDeductionsDueToTransitionalProvisions_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_TierOneLeverageCapitalRequiredForCapitalAdequacyToAverageAssets" xlink:label="us-gaap_TierOneLeverageCapitalRequiredForCapitalAdequacyToAverageAssets"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_TierOneLeverageCapitalRequiredForCapitalAdequacyToAverageAssets_lbl" xml:lang="en-US" id="id_8104553_2036802_1_1"> Tier One Leverage Capital Required for Capital Adequacy to Average Assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_TierOneLeverageCapitalRequiredForCapitalAdequacyToAverageAssets_lbl" xml:lang="en-US" id="id_8104553_2036802_2_1"> Tier 1 leverage ratio </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TierOneLeverageCapitalRequiredForCapitalAdequacyToAverageAssets" xlink:to="us-gaap_TierOneLeverageCapitalRequiredForCapitalAdequacyToAverageAssets_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_TierOneLeverageCapitalRequiredToBeWellCapitalizedToAverageAssets" xlink:label="us-gaap_TierOneLeverageCapitalRequiredToBeWellCapitalizedToAverageAssets"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_TierOneLeverageCapitalRequiredToBeWellCapitalizedToAverageAssets_lbl" xml:lang="en-US" id="id_8104553_2037971_1_1"> Tier One Leverage Capital Required to be Well Capitalized to Average Assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_TierOneLeverageCapitalRequiredToBeWellCapitalizedToAverageAssets_lbl" xml:lang="en-US" id="id_8104553_2037971_2_1"> Well-capitalized minimum Tier 1 leverage ratio </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TierOneLeverageCapitalRequiredToBeWellCapitalizedToAverageAssets" xlink:to="us-gaap_TierOneLeverageCapitalRequiredToBeWellCapitalizedToAverageAssets_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_TierOneLeverageCapitalToAverageAssets" xlink:label="us-gaap_TierOneLeverageCapitalToAverageAssets"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_TierOneLeverageCapitalToAverageAssets_lbl" xml:lang="en-US" id="id_8104553_2039953_1_1"> Tier One Leverage Capital to Average Assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_TierOneLeverageCapitalToAverageAssets_lbl" xml:lang="en-US" id="id_8104553_2039953_2_1"> Tier 1 leverage ratio </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TierOneLeverageCapitalToAverageAssets" xlink:to="us-gaap_TierOneLeverageCapitalToAverageAssets_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_TierOneRiskBasedCapital" xlink:label="us-gaap_TierOneRiskBasedCapital"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_TierOneRiskBasedCapital_lbl" xml:lang="en-US" id="id_8104553_2033752_1_1"> Tier One Risk Based Capital </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_TierOneRiskBasedCapital_lbl" xml:lang="en-US" id="id_8104553_2033752_4_1"> Tier 1 Capital, Ending balance </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_TierOneRiskBasedCapital_lbl" xml:lang="en-US" id="id_8104553_2033752_5_1"> Tier 1 Capital, Beginning balance </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_TierOneRiskBasedCapital_lbl" xml:lang="en-US" id="id_8104553_2033752_2_1"> Tier 1 capital </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TierOneRiskBasedCapital" xlink:to="us-gaap_TierOneRiskBasedCapital_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_TierOneRiskBasedCapitalRequiredForCapitalAdequacyToRiskWeightedAssets" xlink:label="us-gaap_TierOneRiskBasedCapitalRequiredForCapitalAdequacyToRiskWeightedAssets"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_TierOneRiskBasedCapitalRequiredForCapitalAdequacyToRiskWeightedAssets_lbl" xml:lang="en-US" id="id_8104553_2036103_1_1"> Tier One Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_TierOneRiskBasedCapitalRequiredForCapitalAdequacyToRiskWeightedAssets_lbl" xml:lang="en-US" id="id_8104553_2036103_2_1"> Tier 1 capital ratio </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TierOneRiskBasedCapitalRequiredForCapitalAdequacyToRiskWeightedAssets" xlink:to="us-gaap_TierOneRiskBasedCapitalRequiredForCapitalAdequacyToRiskWeightedAssets_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_TierOneRiskBasedCapitalRequiredToBeWellCapitalizedToRiskWeightedAssets" xlink:label="us-gaap_TierOneRiskBasedCapitalRequiredToBeWellCapitalizedToRiskWeightedAssets"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_TierOneRiskBasedCapitalRequiredToBeWellCapitalizedToRiskWeightedAssets_lbl" xml:lang="en-US" id="id_8104553_2035900_1_1"> Tier One Risk Based Capital Required to be Well Capitalized to Risk Weighted Assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_TierOneRiskBasedCapitalRequiredToBeWellCapitalizedToRiskWeightedAssets_lbl" xml:lang="en-US" id="id_8104553_2035900_2_1"> Well-capitalized minimum Tier 1 capital ratio </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TierOneRiskBasedCapitalRequiredToBeWellCapitalizedToRiskWeightedAssets" xlink:to="us-gaap_TierOneRiskBasedCapitalRequiredToBeWellCapitalizedToRiskWeightedAssets_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_TierOneRiskBasedCapitalToRiskWeightedAssets" xlink:label="us-gaap_TierOneRiskBasedCapitalToRiskWeightedAssets"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_TierOneRiskBasedCapitalToRiskWeightedAssets_lbl" xml:lang="en-US" id="id_8104553_2039149_1_1"> Tier One Risk Based Capital to Risk Weighted Assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_TierOneRiskBasedCapitalToRiskWeightedAssets_lbl" xml:lang="en-US" id="id_8104553_2039149_2_1"> Tier 1 capital ratio </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TierOneRiskBasedCapitalToRiskWeightedAssets" xlink:to="us-gaap_TierOneRiskBasedCapitalToRiskWeightedAssets_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_TierTwoRiskBasedCapital" xlink:label="us-gaap_TierTwoRiskBasedCapital"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_TierTwoRiskBasedCapital_lbl" xml:lang="en-US" id="id_8104553_2038895_1_1"> Tier Two Risk Based Capital </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_TierTwoRiskBasedCapital_lbl" xml:lang="en-US" id="id_8104553_2038895_4_1"> Tier 2 Capital, Ending balance </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_TierTwoRiskBasedCapital_lbl" xml:lang="en-US" id="id_8104553_2038895_5_1"> Tier 2 capital, Beginning balance </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_TierTwoRiskBasedCapital_lbl" xml:lang="en-US" id="id_8104553_2038895_2_1"> Tier 2 capital </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_TierTwoRiskBasedCapital_lbl" xml:lang="en-US" id="id_8104553_2038895_6_1"> Tier 2 capital </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TierTwoRiskBasedCapital" xlink:to="us-gaap_TierTwoRiskBasedCapital_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_TimeDepositMaturitiesRemainderOfFiscalYear" xlink:label="us-gaap_TimeDepositMaturitiesRemainderOfFiscalYear"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_TimeDepositMaturitiesRemainderOfFiscalYear_lbl" xml:lang="en-US" id="id_8104553_2035901_1_1"> Time Deposit Maturities, Remainder of Fiscal Year </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_TimeDepositMaturitiesRemainderOfFiscalYear_lbl" xml:lang="en-US" id="id_8104553_2035901_2_1"> Remainder of 2016 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TimeDepositMaturitiesRemainderOfFiscalYear" xlink:to="us-gaap_TimeDepositMaturitiesRemainderOfFiscalYear_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_TimeDepositMaturitiesSeventhYearAndThereafter" xlink:label="gs_TimeDepositMaturitiesSeventhYearAndThereafter"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_TimeDepositMaturitiesSeventhYearAndThereafter_lbl" xml:lang="en-US" id="id_8104553_2078672_3_1"> Amount of time deposits held by the entity maturing after the sixth year following the date of the latest balance sheet presented in the financial statements. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_TimeDepositMaturitiesSeventhYearAndThereafter_lbl" xml:lang="en-US" id="id_8104553_2078672_1_1"> Time Deposit Maturities Seventh Year And Thereafter </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_TimeDepositMaturitiesSeventhYearAndThereafter_lbl" xml:lang="en-US" id="id_8104553_2078672_2_1"> 2022 - thereafter </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_TimeDepositMaturitiesSeventhYearAndThereafter" xlink:to="gs_TimeDepositMaturitiesSeventhYearAndThereafter_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_TimeDepositMaturitiesSixthYear" xlink:label="gs_TimeDepositMaturitiesSixthYear"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_TimeDepositMaturitiesSixthYear_lbl" xml:lang="en-US" id="id_8104553_2272893_3_1"> Amount of time deposits held by the entity maturing during the sixth year following the date of the latest balance sheet presented in the financial statements. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_TimeDepositMaturitiesSixthYear_lbl" xml:lang="en-US" id="id_8104553_2272893_1_1"> Time Deposit Maturities Sixth Year </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_TimeDepositMaturitiesSixthYear_lbl" xml:lang="en-US" id="id_8104553_2272893_2_1"> 2021 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_TimeDepositMaturitiesSixthYear" xlink:to="gs_TimeDepositMaturitiesSixthYear_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_TimeDepositMaturitiesYearFive" xlink:label="us-gaap_TimeDepositMaturitiesYearFive"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_TimeDepositMaturitiesYearFive_lbl" xml:lang="en-US" id="id_8104553_2039150_1_1"> Time Deposit Maturities, Year Five </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_TimeDepositMaturitiesYearFive_lbl" xml:lang="en-US" id="id_8104553_2039150_2_1"> 2020 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TimeDepositMaturitiesYearFive" xlink:to="us-gaap_TimeDepositMaturitiesYearFive_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_TimeDepositMaturitiesYearFour" xlink:label="us-gaap_TimeDepositMaturitiesYearFour"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_TimeDepositMaturitiesYearFour_lbl" xml:lang="en-US" id="id_8104553_2035751_1_1"> Time Deposit Maturities, Year Four </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_TimeDepositMaturitiesYearFour_lbl" xml:lang="en-US" id="id_8104553_2035751_2_1"> 2019 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TimeDepositMaturitiesYearFour" xlink:to="us-gaap_TimeDepositMaturitiesYearFour_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_TimeDepositMaturitiesYearThree" xlink:label="us-gaap_TimeDepositMaturitiesYearThree"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_TimeDepositMaturitiesYearThree_lbl" xml:lang="en-US" id="id_8104553_2037733_1_1"> Time Deposit Maturities, Year Three </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_TimeDepositMaturitiesYearThree_lbl" xml:lang="en-US" id="id_8104553_2037733_2_1"> 2018 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TimeDepositMaturitiesYearThree" xlink:to="us-gaap_TimeDepositMaturitiesYearThree_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_TimeDepositMaturitiesYearTwo" xlink:label="us-gaap_TimeDepositMaturitiesYearTwo"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_TimeDepositMaturitiesYearTwo_lbl" xml:lang="en-US" id="id_8104553_2037549_1_1"> Time Deposit Maturities, Year Two </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_TimeDepositMaturitiesYearTwo_lbl" xml:lang="en-US" id="id_8104553_2037549_2_1"> 2017 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TimeDepositMaturitiesYearTwo" xlink:to="us-gaap_TimeDepositMaturitiesYearTwo_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_TimeDeposits" xlink:label="us-gaap_TimeDeposits"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_TimeDeposits_lbl" xml:lang="en-US" id="id_8104553_2037973_1_1"> Time Deposits </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_TimeDeposits_lbl" xml:lang="en-US" id="id_8104553_2037973_2_1"> Time </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_TimeDeposits_lbl" xml:lang="en-US" id="id_8104553_2037973_6_1"> Total </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TimeDeposits" xlink:to="us-gaap_TimeDeposits_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_TimeDeposits250000OrMoreDomestic" xlink:label="gs_TimeDeposits250000OrMoreDomestic"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_TimeDeposits250000OrMoreDomestic_lbl" xml:lang="en-US" id="id_8104553_2192631_3_1"> Time Deposits 250000 Or More Domestic </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_TimeDeposits250000OrMoreDomestic_lbl" xml:lang="en-US" id="id_8104553_2192631_1_1"> Time Deposits 250000 Or More Domestic </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_TimeDeposits250000OrMoreDomestic_lbl" xml:lang="en-US" id="id_8104553_2192631_2_1"> Total domestic time deposits greater than $250,000 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_TimeDeposits250000OrMoreDomestic" xlink:to="gs_TimeDeposits250000OrMoreDomestic_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_TimeDeposits250000OrMoreForeign" xlink:label="gs_TimeDeposits250000OrMoreForeign"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_TimeDeposits250000OrMoreForeign_lbl" xml:lang="en-US" id="id_8104553_2385193_3_1"> Time deposits 250000 or more foreign. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_TimeDeposits250000OrMoreForeign_lbl" xml:lang="en-US" id="id_8104553_2385193_1_1"> Time Deposits 250000 Or More Foreign </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_TimeDeposits250000OrMoreForeign_lbl" xml:lang="en-US" id="id_8104553_2385193_2_1"> Total foreign time deposits greater than $250,000 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_TimeDeposits250000OrMoreForeign" xlink:to="gs_TimeDeposits250000OrMoreForeign_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_TimeDepositsByMaturityLineItems" xlink:label="gs_TimeDepositsByMaturityLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_TimeDepositsByMaturityLineItems_lbl" xml:lang="en-US" id="id_8104553_2148071_3_1"> Time Deposits By Maturity [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_TimeDepositsByMaturityLineItems_lbl" xml:lang="en-US" id="id_8104553_2148071_1_1"> Time Deposits By Maturity [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_TimeDepositsByMaturityLineItems_lbl" xml:lang="en-US" id="id_8104553_2148071_2_1"> Time Deposits By Maturity [Line Items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_TimeDepositsByMaturityLineItems" xlink:to="gs_TimeDepositsByMaturityLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_TimeDepositsByMaturityTable" xlink:label="gs_TimeDepositsByMaturityTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_TimeDepositsByMaturityTable_lbl" xml:lang="en-US" id="id_8104553_2377220_3_1"> Time Deposits By Maturity [Table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_TimeDepositsByMaturityTable_lbl" xml:lang="en-US" id="id_8104553_2377220_1_1"> Time Deposits By Maturity [Table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_TimeDepositsByMaturityTable_lbl" xml:lang="en-US" id="id_8104553_2377220_2_1"> Time Deposits By Maturity [Table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_TimeDepositsByMaturityTable" xlink:to="gs_TimeDepositsByMaturityTable_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_TimeDepositsTable" xlink:label="us-gaap_TimeDepositsTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_TimeDepositsTable_lbl" xml:lang="en-US" id="id_8104553_2033753_1_1"> Time Deposits [Table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_TimeDepositsTable_lbl" xml:lang="en-US" id="id_8104553_2033753_2_1"> Time Deposits [Table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TimeDepositsTable" xlink:to="us-gaap_TimeDepositsTable_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_TimeHorizonForRegulatoryVar" xlink:label="gs_TimeHorizonForRegulatoryVar"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_TimeHorizonForRegulatoryVar_lbl" xml:lang="en-US" id="id_8104553_2152170_3_1"> Time horizon for regulatory VaR (in days). </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_TimeHorizonForRegulatoryVar_lbl" xml:lang="en-US" id="id_8104553_2152170_1_1"> Time Horizon For Regulatory VaR </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_TimeHorizonForRegulatoryVar_lbl" xml:lang="en-US" id="id_8104553_2152170_2_1"> Time horizon for regulatory VaR (in days) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_TimeHorizonForRegulatoryVar" xlink:to="gs_TimeHorizonForRegulatoryVar_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_TimeHorizonForRiskManagementVar" xlink:label="gs_TimeHorizonForRiskManagementVar"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_TimeHorizonForRiskManagementVar_lbl" xml:lang="en-US" id="id_8104553_2304022_3_1"> Time horizon for risk management VaR (in days). </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_TimeHorizonForRiskManagementVar_lbl" xml:lang="en-US" id="id_8104553_2304022_1_1"> Time Horizon For Risk Management VaR </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_TimeHorizonForRiskManagementVar_lbl" xml:lang="en-US" id="id_8104553_2304022_2_1"> Time horizon for risk management VaR (in days) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_TimeHorizonForRiskManagementVar" xlink:to="gs_TimeHorizonForRiskManagementVar_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_TradingActivityByTypeAxis" xlink:label="us-gaap_TradingActivityByTypeAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_TradingActivityByTypeAxis_lbl" xml:lang="en-US" id="id_8104553_2039152_1_1"> Trading Activity [Axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_TradingActivityByTypeAxis_lbl" xml:lang="en-US" id="id_8104553_2039152_2_1"> Trading Activity [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TradingActivityByTypeAxis" xlink:to="us-gaap_TradingActivityByTypeAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_TradingActivityByTypeDomain" xlink:label="us-gaap_TradingActivityByTypeDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_TradingActivityByTypeDomain_lbl" xml:lang="en-US" id="id_8104553_2037373_1_1"> Trading Activity, by Type [Domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_TradingActivityByTypeDomain_lbl" xml:lang="en-US" id="id_8104553_2037373_2_1"> Trading Activity, by Type [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TradingActivityByTypeDomain" xlink:to="us-gaap_TradingActivityByTypeDomain_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_TradingGainsLosses" xlink:label="us-gaap_TradingGainsLosses"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_TradingGainsLosses_lbl" xml:lang="en-US" id="id_8104553_2041182_1_1"> Trading Gain (Loss) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_TradingGainsLosses_lbl" xml:lang="en-US" id="id_8104553_2041182_6_1"> Trading Activity, Gains and Losses, Net </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TradingGainsLosses" xlink:to="us-gaap_TradingGainsLosses_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_TradingSymbol" xlink:label="dei_TradingSymbol"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_TradingSymbol_lbl" xml:lang="en-US" id="id_8104553_2038518_1_1"> Trading Symbol </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_TradingSymbol_lbl" xml:lang="en-US" id="id_8104553_2038518_2_1"> Trading Symbol </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_TradingSymbol" xlink:to="dei_TradingSymbol_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_TransactionDomain" xlink:label="us-gaap_TransactionDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_TransactionDomain_lbl" xml:lang="en-US" id="id_8104553_2036108_1_1"> Transaction [Domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_TransactionDomain_lbl" xml:lang="en-US" id="id_8104553_2036108_2_1"> Transaction [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TransactionDomain" xlink:to="us-gaap_TransactionDomain_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_TransactionsWithAffiliatedFundsAbstract" xlink:label="gs_TransactionsWithAffiliatedFundsAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_TransactionsWithAffiliatedFundsAbstract_lbl" xml:lang="en-US" id="id_8104553_2146927_3_1"> Transactions with Affiliated Funds Abstract. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_TransactionsWithAffiliatedFundsAbstract_lbl" xml:lang="en-US" id="id_8104553_2146927_1_1"> Transactions With Affiliated Funds [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_TransactionsWithAffiliatedFundsAbstract_lbl" xml:lang="en-US" id="id_8104553_2146927_2_1"> Transactions With Affiliated Funds [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_TransactionsWithAffiliatedFundsAbstract" xlink:to="gs_TransactionsWithAffiliatedFundsAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_TransactionsWithAffiliatedFundsTextBlock" xlink:label="gs_TransactionsWithAffiliatedFundsTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_TransactionsWithAffiliatedFundsTextBlock_lbl" xml:lang="en-US" id="id_8104553_2300542_3_1"> This element is used to disclose transactions with nonconsolidated affiliated investment funds. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_TransactionsWithAffiliatedFundsTextBlock_lbl" xml:lang="en-US" id="id_8104553_2300542_1_1"> Transactions With Affiliated Funds [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_TransactionsWithAffiliatedFundsTextBlock_lbl" xml:lang="en-US" id="id_8104553_2300542_2_1"> Transactions with Affiliated Funds </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_TransactionsWithAffiliatedFundsTextBlock" xlink:to="gs_TransactionsWithAffiliatedFundsTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_TransactionTypeAxis" xlink:label="us-gaap_TransactionTypeAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_TransactionTypeAxis_lbl" xml:lang="en-US" id="id_8104553_2039154_1_1"> Transaction Type [Axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_TransactionTypeAxis_lbl" xml:lang="en-US" id="id_8104553_2039154_2_1"> Transaction Type [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TransactionTypeAxis" xlink:to="us-gaap_TransactionTypeAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount" xlink:label="us-gaap_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount_lbl" xml:lang="en-US" id="id_8104553_2035910_1_1"> Transfers Accounted for as Secured Borrowings, Assets, Carrying Amount </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount_lbl" xml:lang="en-US" id="id_8104553_2035910_2_1"> Financial assets collateralizing other secured financings related to failed sales </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount" xlink:to="us-gaap_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount" xlink:label="us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount_lbl" xml:lang="en-US" id="id_8104553_2039156_1_1"> Transfers Accounted for as Secured Borrowings, Associated Liabilities, Carrying Amount </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount_lbl" xml:lang="en-US" id="id_8104553_2039156_2_1"> Transfers of financial assets accounted for as financings included in other secured financings </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount" xlink:to="us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_TransfersAndServicingAbstract" xlink:label="us-gaap_TransfersAndServicingAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_TransfersAndServicingAbstract_lbl" xml:lang="en-US" id="id_8104553_2036645_1_1"> Transfers and Servicing [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_TransfersAndServicingAbstract_lbl" xml:lang="en-US" id="id_8104553_2036645_2_1"> Transfers and Servicing [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TransfersAndServicingAbstract" xlink:to="us-gaap_TransfersAndServicingAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialAssetsAbstract" xlink:label="us-gaap_TransfersAndServicingOfFinancialAssetsAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_TransfersAndServicingOfFinancialAssetsAbstract_lbl" xml:lang="en-US" id="id_8104553_2040531_1_1"> Transfers and Servicing of Financial Assets [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_TransfersAndServicingOfFinancialAssetsAbstract_lbl" xml:lang="en-US" id="id_8104553_2040531_2_1"> Transfers and Servicing of Financial Assets [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TransfersAndServicingOfFinancialAssetsAbstract" xlink:to="us-gaap_TransfersAndServicingOfFinancialAssetsAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialAssetsTextBlock" xlink:label="us-gaap_TransfersAndServicingOfFinancialAssetsTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_TransfersAndServicingOfFinancialAssetsTextBlock_lbl" xml:lang="en-US" id="id_8104553_2037558_1_1"> Transfers and Servicing of Financial Assets [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_TransfersAndServicingOfFinancialAssetsTextBlock_lbl" xml:lang="en-US" id="id_8104553_2037558_2_1"> Securitization Activities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TransfersAndServicingOfFinancialAssetsTextBlock" xlink:to="us-gaap_TransfersAndServicingOfFinancialAssetsTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialAssetsTransfersOfFinancialAssetsAggregationPolicy" xlink:label="us-gaap_TransfersAndServicingOfFinancialAssetsTransfersOfFinancialAssetsAggregationPolicy"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_TransfersAndServicingOfFinancialAssetsTransfersOfFinancialAssetsAggregationPolicy_lbl" xml:lang="en-US" id="id_8104553_2039157_1_1"> Transfers and Servicing of Financial Assets, Transfers of Financial Assets, Aggregation, Policy [Policy Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_TransfersAndServicingOfFinancialAssetsTransfersOfFinancialAssetsAggregationPolicy_lbl" xml:lang="en-US" id="id_8104553_2039157_2_1"> Transfers of Assets, Policy </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TransfersAndServicingOfFinancialAssetsTransfersOfFinancialAssetsAggregationPolicy" xlink:to="us-gaap_TransfersAndServicingOfFinancialAssetsTransfersOfFinancialAssetsAggregationPolicy_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain" xlink:label="us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_lbl" xml:lang="en-US" id="id_8104553_2037020_1_1"> Financial Instruments [Domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_lbl" xml:lang="en-US" id="id_8104553_2037020_2_1"> Financial Instruments [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain" xlink:to="us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_TreasuryStockAcquiredAverageCostPerShare" xlink:label="us-gaap_TreasuryStockAcquiredAverageCostPerShare"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_TreasuryStockAcquiredAverageCostPerShare_lbl" xml:lang="en-US" id="id_8104553_2041188_1_1"> Treasury Stock Acquired, Average Cost Per Share </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_TreasuryStockAcquiredAverageCostPerShare_lbl" xml:lang="en-US" id="id_8104553_2041188_2_1"> Average cost per share </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TreasuryStockAcquiredAverageCostPerShare" xlink:to="us-gaap_TreasuryStockAcquiredAverageCostPerShare_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_TreasuryStockMember" xlink:label="us-gaap_TreasuryStockMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_TreasuryStockMember_lbl" xml:lang="en-US" id="id_8104553_2037023_1_1"> Treasury Stock [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_TreasuryStockMember_lbl" xml:lang="en-US" id="id_8104553_2037023_2_1"> Stock Held in Treasury, at Cost [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TreasuryStockMember" xlink:to="us-gaap_TreasuryStockMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_TreasuryStockOtherAdjustment" xlink:label="gs_TreasuryStockOtherAdjustment"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_TreasuryStockOtherAdjustment_lbl" xml:lang="en-US" id="id_8104553_2118566_3_1"> Treasury stock other adjustment. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_TreasuryStockOtherAdjustment_lbl" xml:lang="en-US" id="id_8104553_2118566_1_1"> Treasury Stock Other Adjustment </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="gs_TreasuryStockOtherAdjustment_lbl" xml:lang="en-US" id="id_8104553_2118566_14_1"> Other </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_TreasuryStockOtherAdjustment" xlink:to="gs_TreasuryStockOtherAdjustment_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_TreasuryStockParValue" xlink:label="gs_TreasuryStockParValue"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_TreasuryStockParValue_lbl" xml:lang="en-US" id="id_8104553_2272745_3_1"> Face amount or stated value of treasury stock, per share. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_TreasuryStockParValue_lbl" xml:lang="en-US" id="id_8104553_2272745_1_1"> Treasury Stock Par Value </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_TreasuryStockParValue_lbl" xml:lang="en-US" id="id_8104553_2272745_2_1"> Treasury stock, par value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_TreasuryStockParValue" xlink:to="gs_TreasuryStockParValue_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_TreasuryStockShares" xlink:label="us-gaap_TreasuryStockShares"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_TreasuryStockShares_lbl" xml:lang="en-US" id="id_8104553_2037739_1_1"> Treasury Stock, Shares </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_TreasuryStockShares_lbl" xml:lang="en-US" id="id_8104553_2037739_2_1"> Treasury stock, shares </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TreasuryStockShares" xlink:to="us-gaap_TreasuryStockShares_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_TreasuryStockSharesAcquired" xlink:label="us-gaap_TreasuryStockSharesAcquired"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_TreasuryStockSharesAcquired_lbl" xml:lang="en-US" id="id_8104553_2038134_1_1"> Treasury Stock, Shares, Acquired </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_TreasuryStockSharesAcquired_lbl" xml:lang="en-US" id="id_8104553_2038134_2_1"> Common share repurchases </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TreasuryStockSharesAcquired" xlink:to="us-gaap_TreasuryStockSharesAcquired_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_TreasuryStockValue" xlink:label="us-gaap_TreasuryStockValue"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_TreasuryStockValue_lbl" xml:lang="en-US" id="id_8104553_2039161_1_1"> Treasury Stock, Value </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_TreasuryStockValue_lbl" xml:lang="en-US" id="id_8104553_2039161_14_1"> Stock held in treasury, at cost, par value $0.01 per share; 473,400,690 and 444,495,997 shares as of September 2016 and December 2015, respectively </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TreasuryStockValue" xlink:to="us-gaap_TreasuryStockValue_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_TreasuryStockValueAcquiredCostMethod" xlink:label="us-gaap_TreasuryStockValueAcquiredCostMethod"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_TreasuryStockValueAcquiredCostMethod_lbl" xml:lang="en-US" id="id_8104553_2035576_1_1"> Treasury Stock, Value, Acquired, Cost Method </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_TreasuryStockValueAcquiredCostMethod_lbl" xml:lang="en-US" id="id_8104553_2035576_2_1"> Total cost of common share repurchases </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_TreasuryStockValueAcquiredCostMethod_lbl" xml:lang="en-US" id="id_8104553_2035576_14_1"> Repurchased </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TreasuryStockValueAcquiredCostMethod" xlink:to="us-gaap_TreasuryStockValueAcquiredCostMethod_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_TroubledDebtRestructuringRelatedToImpairedLendingCommitments" xlink:label="gs_TroubledDebtRestructuringRelatedToImpairedLendingCommitments"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_TroubledDebtRestructuringRelatedToImpairedLendingCommitments_lbl" xml:lang="en-US" id="id_8104553_2393055_3_1"> Reflects the amount of troubled debt restructuring related to impaired lending commitments which occurs by granting a concession to a borrower experiencing financial difficulty. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_TroubledDebtRestructuringRelatedToImpairedLendingCommitments_lbl" xml:lang="en-US" id="id_8104553_2393055_1_1"> Troubled Debt Restructuring Related to Impaired Lending Commitments </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_TroubledDebtRestructuringRelatedToImpairedLendingCommitments_lbl" xml:lang="en-US" id="id_8104553_2393055_2_1"> Lending commitments related to loans modified in a troubled debt restructuring </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_TroubledDebtRestructuringRelatedToImpairedLendingCommitments" xlink:to="gs_TroubledDebtRestructuringRelatedToImpairedLendingCommitments_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_TroubledDebtRestructuringRelatedToImpairedLoans" xlink:label="gs_TroubledDebtRestructuringRelatedToImpairedLoans"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_TroubledDebtRestructuringRelatedToImpairedLoans_lbl" xml:lang="en-US" id="id_8104553_2393054_3_1"> Reflects the amount of troubled debt restructuring related to impaired loans which occurs by granting a concession to a borrower experiencing financial difficulty. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_TroubledDebtRestructuringRelatedToImpairedLoans_lbl" xml:lang="en-US" id="id_8104553_2393054_1_1"> Troubled Debt Restructuring Related to Impaired Loans </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_TroubledDebtRestructuringRelatedToImpairedLoans_lbl" xml:lang="en-US" id="id_8104553_2393054_2_1"> Corporate loans modified in a troubled debt restructuring </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_TroubledDebtRestructuringRelatedToImpairedLoans" xlink:to="gs_TroubledDebtRestructuringRelatedToImpairedLoans_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_TrustPreferredSecuritiesAndCommonBeneficialInterestsHeldByTheFirmExchangedWithTheFirmsJuniorSubordinatedDebtHeldByTheIssuingTrust" xlink:label="gs_TrustPreferredSecuritiesAndCommonBeneficialInterestsHeldByTheFirmExchangedWithTheFirmsJuniorSubordinatedDebtHeldByTheIssuingTrust"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_TrustPreferredSecuritiesAndCommonBeneficialInterestsHeldByTheFirmExchangedWithTheFirmsJuniorSubordinatedDebtHeldByTheIssuingTrust_lbl" xml:lang="en-US" id="id_8104553_2233934_3_1"> The value of Trust Preferred Securities and common beneficial interests held by the firm and exchanged with the firm's junior subordinated debt held by the issuing trusts during the fiscal year. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_TrustPreferredSecuritiesAndCommonBeneficialInterestsHeldByTheFirmExchangedWithTheFirmsJuniorSubordinatedDebtHeldByTheIssuingTrust_lbl" xml:lang="en-US" id="id_8104553_2233934_1_1"> Trust Preferred Securities And Common Beneficial Interests Held By The Firm Exchanged With The Firms Junior Subordinated Debt Held By The Issuing Trust </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_TrustPreferredSecuritiesAndCommonBeneficialInterestsHeldByTheFirmExchangedWithTheFirmsJuniorSubordinatedDebtHeldByTheIssuingTrust_lbl" xml:lang="en-US" id="id_8104553_2233934_2_1"> Trust Preferred Securities and common beneficial interests held by the firm exchanged with the firm's junior subordinated debt held by the issuing trust </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_TrustPreferredSecuritiesAndCommonBeneficialInterestsHeldByTheFirmExchangedWithTheFirmsJuniorSubordinatedDebtHeldByTheIssuingTrust" xlink:to="gs_TrustPreferredSecuritiesAndCommonBeneficialInterestsHeldByTheFirmExchangedWithTheFirmsJuniorSubordinatedDebtHeldByTheIssuingTrust_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_TrustPreferredSecuritiesOutstandingParAmount" xlink:label="gs_TrustPreferredSecuritiesOutstandingParAmount"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_TrustPreferredSecuritiesOutstandingParAmount_lbl" xml:lang="en-US" id="id_8104553_2318599_3_1"> The outstanding par amount of Trust Preferred Securities issued by the Trust. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_TrustPreferredSecuritiesOutstandingParAmount_lbl" xml:lang="en-US" id="id_8104553_2318599_1_1"> Trust Preferred Securities Outstanding Par Amount </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_TrustPreferredSecuritiesOutstandingParAmount_lbl" xml:lang="en-US" id="id_8104553_2318599_2_1"> Trust Preferred Securities, outstanding par amount </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_TrustPreferredSecuritiesOutstandingParAmount" xlink:to="gs_TrustPreferredSecuritiesOutstandingParAmount_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_TrustPreferredSecuritiesPurchasedParAmount" xlink:label="gs_TrustPreferredSecuritiesPurchasedParAmount"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_TrustPreferredSecuritiesPurchasedParAmount_lbl" xml:lang="en-US" id="id_8104553_2059889_3_1"> The par amount of the Trust Preferred Securities purchased by Group Inc. from third parties. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_TrustPreferredSecuritiesPurchasedParAmount_lbl" xml:lang="en-US" id="id_8104553_2059889_1_1"> Trust Preferred Securities Purchased Par Amount </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_TrustPreferredSecuritiesPurchasedParAmount_lbl" xml:lang="en-US" id="id_8104553_2059889_2_1"> Trust Preferred Securities purchased, par amount </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_TrustPreferredSecuritiesPurchasedParAmount" xlink:to="gs_TrustPreferredSecuritiesPurchasedParAmount_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_TwoNotchReductionMember" xlink:label="gs_TwoNotchReductionMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_TwoNotchReductionMember_lbl" xml:lang="en-US" id="id_8104553_2260593_3_1"> Two-notch reduction [Member]. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_TwoNotchReductionMember_lbl" xml:lang="en-US" id="id_8104553_2260593_1_1"> Two Notch Reduction [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_TwoNotchReductionMember_lbl" xml:lang="en-US" id="id_8104553_2260593_2_1"> Two-Notch Reduction [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_TwoNotchReductionMember" xlink:to="gs_TwoNotchReductionMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_TwoThousandTwelveTrustsMember" xlink:label="gs_TwoThousandTwelveTrustsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_TwoThousandTwelveTrustsMember_lbl" xml:lang="en-US" id="id_8104553_2222002_3_1"> Two Thousand Twelve Trusts [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_TwoThousandTwelveTrustsMember_lbl" xml:lang="en-US" id="id_8104553_2222002_1_1"> Two Thousand Twelve Trusts [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_TwoThousandTwelveTrustsMember_lbl" xml:lang="en-US" id="id_8104553_2222002_2_1"> The 2012 Trusts [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_TwoThousandTwelveTrustsMember" xlink:to="gs_TwoThousandTwelveTrustsMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_TypeOfAdoptionMember" xlink:label="us-gaap_TypeOfAdoptionMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_TypeOfAdoptionMember_lbl" xml:lang="en-US" id="id_8104553_2037381_1_1"> Type of Adoption [Domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_TypeOfAdoptionMember_lbl" xml:lang="en-US" id="id_8104553_2037381_2_1"> Type of Adoption [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TypeOfAdoptionMember" xlink:to="us-gaap_TypeOfAdoptionMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_TypeOfReserveDomain" xlink:label="us-gaap_TypeOfReserveDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_TypeOfReserveDomain_lbl" xml:lang="en-US" id="id_8104553_2039961_1_1"> Type of Reserve [Domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_TypeOfReserveDomain_lbl" xml:lang="en-US" id="id_8104553_2039961_2_1"> Type of Reserve [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TypeOfReserveDomain" xlink:to="us-gaap_TypeOfReserveDomain_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_UnsecuredDebtCurrent" xlink:label="us-gaap_UnsecuredDebtCurrent"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_UnsecuredDebtCurrent_lbl" xml:lang="en-US" id="id_8104553_2039784_1_1"> Unsecured Debt, Current </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_UnsecuredDebtCurrent_lbl" xml:lang="en-US" id="id_8104553_2039784_2_1"> Current portion of unsecured long-term borrowings </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_UnsecuredDebtCurrent" xlink:to="us-gaap_UnsecuredDebtCurrent_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_UnsecuredDebtMember" xlink:label="us-gaap_UnsecuredDebtMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_UnsecuredDebtMember_lbl" xml:lang="en-US" id="id_8104553_2037566_1_1"> Unsecured Debt [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_UnsecuredDebtMember_lbl" xml:lang="en-US" id="id_8104553_2037566_2_1"> Unsecured Debt [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_UnsecuredDebtMember" xlink:to="us-gaap_UnsecuredDebtMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_UnsecuredFixedRateLongTermDebt" xlink:label="gs_UnsecuredFixedRateLongTermDebt"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_UnsecuredFixedRateLongTermDebt_lbl" xml:lang="en-US" id="id_8104553_2236939_3_1"> The portion of the carrying amount of long-term unsecured borrowings outstanding as of the balance-sheet date, excluding current maturities, which accrues interest at a set, unchanging rate. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_UnsecuredFixedRateLongTermDebt_lbl" xml:lang="en-US" id="id_8104553_2236939_1_1"> Unsecured Fixed Rate Long Term Debt </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_UnsecuredFixedRateLongTermDebt_lbl" xml:lang="en-US" id="id_8104553_2236939_2_1"> Fixed-rate obligations </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_UnsecuredFixedRateLongTermDebt" xlink:to="gs_UnsecuredFixedRateLongTermDebt_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_UnsecuredLongTermBorrowingsAfterHedgingTableTextBlock" xlink:label="gs_UnsecuredLongTermBorrowingsAfterHedgingTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_UnsecuredLongTermBorrowingsAfterHedgingTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2227292_3_1"> Unsecured long-term borrowings after hedging. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_UnsecuredLongTermBorrowingsAfterHedgingTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2227292_1_1"> Unsecured Long Term Borrowings After Hedging Table [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_UnsecuredLongTermBorrowingsAfterHedgingTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2227292_2_1"> Unsecured Long-Term Borrowings after Hedging </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_UnsecuredLongTermBorrowingsAfterHedgingTableTextBlock" xlink:to="gs_UnsecuredLongTermBorrowingsAfterHedgingTableTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_UnsecuredLongTermBorrowingsAtFairValueMember" xlink:label="gs_UnsecuredLongTermBorrowingsAtFairValueMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_UnsecuredLongTermBorrowingsAtFairValueMember_lbl" xml:lang="en-US" id="id_8104553_2094249_3_1"> Unsecured long-term borrowings at fair value. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_UnsecuredLongTermBorrowingsAtFairValueMember_lbl" xml:lang="en-US" id="id_8104553_2094249_1_1"> Unsecured Long Term Borrowings At Fair Value [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_UnsecuredLongTermBorrowingsAtFairValueMember_lbl" xml:lang="en-US" id="id_8104553_2094249_2_1"> Unsecured Long-Term Borrowings at Fair Value [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_UnsecuredLongTermBorrowingsAtFairValueMember" xlink:to="gs_UnsecuredLongTermBorrowingsAtFairValueMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_UnsecuredLongTermBorrowingsByMaturityDateTableTextBlock" xlink:label="gs_UnsecuredLongTermBorrowingsByMaturityDateTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_UnsecuredLongTermBorrowingsByMaturityDateTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2348616_3_1"> Unsecured long-term borrowings by maturity date. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_UnsecuredLongTermBorrowingsByMaturityDateTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2348616_1_1"> Unsecured Long Term Borrowings By Maturity Date Table [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_UnsecuredLongTermBorrowingsByMaturityDateTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2348616_2_1"> Unsecured Long-Term Borrowings by Maturity Date </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_UnsecuredLongTermBorrowingsByMaturityDateTableTextBlock" xlink:to="gs_UnsecuredLongTermBorrowingsByMaturityDateTableTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_UnsecuredLongTermBorrowingsTableTextBlock" xlink:label="gs_UnsecuredLongTermBorrowingsTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_UnsecuredLongTermBorrowingsTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2074838_3_1"> Unsecured long-term borrowings. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_UnsecuredLongTermBorrowingsTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2074838_1_1"> Unsecured Long Term Borrowings Table [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_UnsecuredLongTermBorrowingsTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2074838_2_1"> Unsecured Long-Term Borrowings </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_UnsecuredLongTermBorrowingsTableTextBlock" xlink:to="gs_UnsecuredLongTermBorrowingsTableTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_UnsecuredLongTermDebt" xlink:label="us-gaap_UnsecuredLongTermDebt"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_UnsecuredLongTermDebt_lbl" xml:lang="en-US" id="id_8104553_2038530_1_1"> Unsecured Long-term Debt, Noncurrent </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_UnsecuredLongTermDebt_lbl" xml:lang="en-US" id="id_8104553_2038530_2_1"> Unsecured long-term borrowings </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_UnsecuredLongTermDebt_lbl" xml:lang="en-US" id="id_8104553_2038530_6_1"> Total </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_UnsecuredLongTermDebt_lbl" xml:lang="en-US" id="id_8104553_2038530_12_1"> Unsecured long-term borrowings (includes $30,266 and $22,273 at fair value as of September 2016 and December 2015, respectively) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_UnsecuredLongTermDebt" xlink:to="us-gaap_UnsecuredLongTermDebt_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_UnsecuredLongTermDebtWithFixedRatesAfterHedgingAtAmortizedCost" xlink:label="gs_UnsecuredLongTermDebtWithFixedRatesAfterHedgingAtAmortizedCost"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_UnsecuredLongTermDebtWithFixedRatesAfterHedgingAtAmortizedCost_lbl" xml:lang="en-US" id="id_8104553_2315196_3_1"> The amount of of unsecured long-term borrowings with fixed rates, after hedging at amortized cost. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_UnsecuredLongTermDebtWithFixedRatesAfterHedgingAtAmortizedCost_lbl" xml:lang="en-US" id="id_8104553_2315196_1_1"> Unsecured Long Term Debt With Fixed Rates After Hedging At Amortized Cost </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_UnsecuredLongTermDebtWithFixedRatesAfterHedgingAtAmortizedCost_lbl" xml:lang="en-US" id="id_8104553_2315196_2_1"> Fixed rate obligations at amortized cost </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_UnsecuredLongTermDebtWithFixedRatesAfterHedgingAtAmortizedCost" xlink:to="gs_UnsecuredLongTermDebtWithFixedRatesAfterHedgingAtAmortizedCost_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_UnsecuredLongTermDebtWithFixedRatesAfterHedgingAtFairValue" xlink:label="gs_UnsecuredLongTermDebtWithFixedRatesAfterHedgingAtFairValue"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_UnsecuredLongTermDebtWithFixedRatesAfterHedgingAtFairValue_lbl" xml:lang="en-US" id="id_8104553_2234452_3_1"> The amount of of unsecured long-term borrowings with fixed rates, after hedging at fair value. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_UnsecuredLongTermDebtWithFixedRatesAfterHedgingAtFairValue_lbl" xml:lang="en-US" id="id_8104553_2234452_1_1"> Unsecured Long Term Debt With Fixed Rates After Hedging At Fair Value </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_UnsecuredLongTermDebtWithFixedRatesAfterHedgingAtFairValue_lbl" xml:lang="en-US" id="id_8104553_2234452_2_1"> Fixed rate obligations at fair value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_UnsecuredLongTermDebtWithFixedRatesAfterHedgingAtFairValue" xlink:to="gs_UnsecuredLongTermDebtWithFixedRatesAfterHedgingAtFairValue_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_UnsecuredLongTermDebtWithFloatingRatesAfterHedgingAtAmortizedCost" xlink:label="gs_UnsecuredLongTermDebtWithFloatingRatesAfterHedgingAtAmortizedCost"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_UnsecuredLongTermDebtWithFloatingRatesAfterHedgingAtAmortizedCost_lbl" xml:lang="en-US" id="id_8104553_2190566_3_1"> The amount of of unsecured long-term borrowings with floating rates, after hedging at amortized cost. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_UnsecuredLongTermDebtWithFloatingRatesAfterHedgingAtAmortizedCost_lbl" xml:lang="en-US" id="id_8104553_2190566_1_1"> Unsecured Long Term Debt With Floating Rates After Hedging At Amortized Cost </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_UnsecuredLongTermDebtWithFloatingRatesAfterHedgingAtAmortizedCost_lbl" xml:lang="en-US" id="id_8104553_2190566_2_1"> Floating rate obligations at amortized cost </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_UnsecuredLongTermDebtWithFloatingRatesAfterHedgingAtAmortizedCost" xlink:to="gs_UnsecuredLongTermDebtWithFloatingRatesAfterHedgingAtAmortizedCost_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_UnsecuredLongTermDebtWithFloatingRatesAfterHedgingAtFairValue" xlink:label="gs_UnsecuredLongTermDebtWithFloatingRatesAfterHedgingAtFairValue"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_UnsecuredLongTermDebtWithFloatingRatesAfterHedgingAtFairValue_lbl" xml:lang="en-US" id="id_8104553_2245268_3_1"> The amount of of unsecured long-term borrowings with floating rates, after hedging at fair value. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_UnsecuredLongTermDebtWithFloatingRatesAfterHedgingAtFairValue_lbl" xml:lang="en-US" id="id_8104553_2245268_1_1"> Unsecured Long Term Debt With Floating Rates After Hedging At Fair Value </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_UnsecuredLongTermDebtWithFloatingRatesAfterHedgingAtFairValue_lbl" xml:lang="en-US" id="id_8104553_2245268_2_1"> Floating rate obligations at fair value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_UnsecuredLongTermDebtWithFloatingRatesAfterHedgingAtFairValue" xlink:to="gs_UnsecuredLongTermDebtWithFloatingRatesAfterHedgingAtFairValue_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_UnsecuredShortTermBorrowingsIncludingCurrentPortionOfUnsecuredLongTermBorrowings" xlink:label="gs_UnsecuredShortTermBorrowingsIncludingCurrentPortionOfUnsecuredLongTermBorrowings"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_UnsecuredShortTermBorrowingsIncludingCurrentPortionOfUnsecuredLongTermBorrowings_lbl" xml:lang="en-US" id="id_8104553_2244004_3_1"> Carrying value as of the balance sheet date of unsecured short-term borrowings (with maturities due within one year) including the current portion of unsecured long-term borrowings. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_UnsecuredShortTermBorrowingsIncludingCurrentPortionOfUnsecuredLongTermBorrowings_lbl" xml:lang="en-US" id="id_8104553_2244004_1_1"> Unsecured Short Term Borrowings Including Current Portion Of Unsecured Long Term Borrowings </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_UnsecuredShortTermBorrowingsIncludingCurrentPortionOfUnsecuredLongTermBorrowings_lbl" xml:lang="en-US" id="id_8104553_2244004_2_1"> Unsecured short-term borrowings </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="gs_UnsecuredShortTermBorrowingsIncludingCurrentPortionOfUnsecuredLongTermBorrowings_lbl" xml:lang="en-US" id="id_8104553_2244004_6_1"> Total unsecured short-term borrowings </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="gs_UnsecuredShortTermBorrowingsIncludingCurrentPortionOfUnsecuredLongTermBorrowings_lbl" xml:lang="en-US" id="id_8104553_2244004_12_1"> Unsecured short-term borrowings, including the current portion of unsecured long-term borrowings (includes $16,741 and $17,743 at fair value as of September 2016 and December 2015, respectively) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_UnsecuredShortTermBorrowingsIncludingCurrentPortionOfUnsecuredLongTermBorrowings" xlink:to="gs_UnsecuredShortTermBorrowingsIncludingCurrentPortionOfUnsecuredLongTermBorrowings_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_UnsecuredShortTermBorrowingsIncludingCurrentPortionOfUnsecuredLongTermBorrowingsAtFairValue" xlink:label="gs_UnsecuredShortTermBorrowingsIncludingCurrentPortionOfUnsecuredLongTermBorrowingsAtFairValue"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_UnsecuredShortTermBorrowingsIncludingCurrentPortionOfUnsecuredLongTermBorrowingsAtFairValue_lbl" xml:lang="en-US" id="id_8104553_2295460_3_1"> Unsecured short-term borrowings, including the current portion of unsecured long-term borrowings, at fair value. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_UnsecuredShortTermBorrowingsIncludingCurrentPortionOfUnsecuredLongTermBorrowingsAtFairValue_lbl" xml:lang="en-US" id="id_8104553_2295460_1_1"> Unsecured Short Term Borrowings Including Current Portion Of Unsecured Long Term Borrowings At Fair Value </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_UnsecuredShortTermBorrowingsIncludingCurrentPortionOfUnsecuredLongTermBorrowingsAtFairValue_lbl" xml:lang="en-US" id="id_8104553_2295460_2_1"> Unsecured short-term borrowings, including the current portion of unsecured long-term borrowings, at fair value </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="gs_UnsecuredShortTermBorrowingsIncludingCurrentPortionOfUnsecuredLongTermBorrowingsAtFairValue_lbl" xml:lang="en-US" id="id_8104553_2295460_14_1"> Unsecured borrowings Short-term </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_UnsecuredShortTermBorrowingsIncludingCurrentPortionOfUnsecuredLongTermBorrowingsAtFairValue" xlink:to="gs_UnsecuredShortTermBorrowingsIncludingCurrentPortionOfUnsecuredLongTermBorrowingsAtFairValue_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_UnsecuredShortTermBorrowingsIncludingCurrentPortionOfUnsecuredLongTermBorrowingsAtFairValueMember" xlink:label="gs_UnsecuredShortTermBorrowingsIncludingCurrentPortionOfUnsecuredLongTermBorrowingsAtFairValueMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_UnsecuredShortTermBorrowingsIncludingCurrentPortionOfUnsecuredLongTermBorrowingsAtFairValueMember_lbl" xml:lang="en-US" id="id_8104553_2179395_3_1"> Unsecured short-term borrowings including current portion of unsecured long-term borrowings at fair value. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_UnsecuredShortTermBorrowingsIncludingCurrentPortionOfUnsecuredLongTermBorrowingsAtFairValueMember_lbl" xml:lang="en-US" id="id_8104553_2179395_1_1"> Unsecured Short Term Borrowings Including Current Portion Of Unsecured Long Term Borrowings At Fair Value [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_UnsecuredShortTermBorrowingsIncludingCurrentPortionOfUnsecuredLongTermBorrowingsAtFairValueMember_lbl" xml:lang="en-US" id="id_8104553_2179395_2_1"> Unsecured Short-Term Borrowings Including Current Portion of Unsecured Long-Term Borrowings at Fair Value [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_UnsecuredShortTermBorrowingsIncludingCurrentPortionOfUnsecuredLongTermBorrowingsAtFairValueMember" xlink:to="gs_UnsecuredShortTermBorrowingsIncludingCurrentPortionOfUnsecuredLongTermBorrowingsAtFairValueMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_UnsecuredShortTermBorrowingsTableTextBlock" xlink:label="gs_UnsecuredShortTermBorrowingsTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_UnsecuredShortTermBorrowingsTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2218644_3_1"> Unsecured short-term borrowings. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_UnsecuredShortTermBorrowingsTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2218644_1_1"> Unsecured Short Term Borrowings Table [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_UnsecuredShortTermBorrowingsTableTextBlock_lbl" xml:lang="en-US" id="id_8104553_2218644_2_1"> Unsecured Short-Term Borrowings </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_UnsecuredShortTermBorrowingsTableTextBlock" xlink:to="gs_UnsecuredShortTermBorrowingsTableTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_UnsecuredShortTermDebtWeightedAverageInterestRateAfterGivingEffectToHedgingActivities" xlink:label="gs_UnsecuredShortTermDebtWeightedAverageInterestRateAfterGivingEffectToHedgingActivities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_UnsecuredShortTermDebtWeightedAverageInterestRateAfterGivingEffectToHedgingActivities_lbl" xml:lang="en-US" id="id_8104553_2158938_3_1"> Reflects the weighted average interest rate as of the balance sheet date for unsecured short-term borrowings outstanding, after giving effect to hedging activities. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_UnsecuredShortTermDebtWeightedAverageInterestRateAfterGivingEffectToHedgingActivities_lbl" xml:lang="en-US" id="id_8104553_2158938_1_1"> Unsecured Short Term Debt Weighted Average Interest Rate After Giving Effect To Hedging Activities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_UnsecuredShortTermDebtWeightedAverageInterestRateAfterGivingEffectToHedgingActivities_lbl" xml:lang="en-US" id="id_8104553_2158938_2_1"> Unsecured short-term debt, weighted average interest rate, after giving effect to hedging activities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_UnsecuredShortTermDebtWeightedAverageInterestRateAfterGivingEffectToHedgingActivities" xlink:to="gs_UnsecuredShortTermDebtWeightedAverageInterestRateAfterGivingEffectToHedgingActivities_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_UnsecuredVariableRateLongTermDebt" xlink:label="gs_UnsecuredVariableRateLongTermDebt"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_UnsecuredVariableRateLongTermDebt_lbl" xml:lang="en-US" id="id_8104553_2088473_3_1"> The portion of the carrying amount of long-term unsecured borrowings outstanding as of the balance-sheet date, excluding current maturities, which accrues interest at a rate subject to change from time to time. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_UnsecuredVariableRateLongTermDebt_lbl" xml:lang="en-US" id="id_8104553_2088473_1_1"> Unsecured Variable Rate Long Term Debt </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_UnsecuredVariableRateLongTermDebt_lbl" xml:lang="en-US" id="id_8104553_2088473_2_1"> Floating-rate obligations </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_UnsecuredVariableRateLongTermDebt" xlink:to="gs_UnsecuredVariableRateLongTermDebt_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_UnusedCommitmentsToExtendCredit" xlink:label="us-gaap_UnusedCommitmentsToExtendCredit"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_UnusedCommitmentsToExtendCredit_lbl" xml:lang="en-US" id="id_8104553_2037221_1_1"> Unused Commitments to Extend Credit </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_UnusedCommitmentsToExtendCredit_lbl" xml:lang="en-US" id="id_8104553_2037221_2_1"> Total commitments to extend credit </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_UnusedCommitmentsToExtendCredit" xlink:to="us-gaap_UnusedCommitmentsToExtendCredit_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/currency/2016/currency-2016-01-31.xsd#currency_USD" xlink:label="currency_USD"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="currency_USD_lbl" xml:lang="en-US" id="id_8104553_2035181_1_1"> United States of America, Dollars </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="currency_USD_lbl" xml:lang="en-US" id="id_8104553_2035181_2_1"> U.S. Dollar [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="currency_USD" xlink:to="currency_USD_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_UseOfEstimates" xlink:label="us-gaap_UseOfEstimates"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_UseOfEstimates_lbl" xml:lang="en-US" id="id_8104553_2035182_1_1"> Use of Estimates, Policy [Policy Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_UseOfEstimates_lbl" xml:lang="en-US" id="id_8104553_2035182_2_1"> Use of Estimates </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_UseOfEstimates" xlink:to="us-gaap_UseOfEstimates_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_USGovernmentAndFederalAgencyObligationsHeldByFirmMember" xlink:label="gs_USGovernmentAndFederalAgencyObligationsHeldByFirmMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_USGovernmentAndFederalAgencyObligationsHeldByFirmMember_lbl" xml:lang="en-US" id="id_8104553_2119619_3_1"> U.S. Government And Federal Agency Obligations held by The Firm. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_USGovernmentAndFederalAgencyObligationsHeldByFirmMember_lbl" xml:lang="en-US" id="id_8104553_2119619_1_1"> U S Government And Federal Agency Obligations Held By Firm [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_USGovernmentAndFederalAgencyObligationsHeldByFirmMember_lbl" xml:lang="en-US" id="id_8104553_2119619_2_1"> U.S. Government And Federal Agency Obligations Held By The Firm [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_USGovernmentAndFederalAgencyObligationsHeldByFirmMember" xlink:to="gs_USGovernmentAndFederalAgencyObligationsHeldByFirmMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_USGovernmentAndFederalAgencyObligationsThatCollateralizeSecuritiesPurchasedUnderAgreementsToResellAndSecuritiesBorrowedMember" xlink:label="gs_USGovernmentAndFederalAgencyObligationsThatCollateralizeSecuritiesPurchasedUnderAgreementsToResellAndSecuritiesBorrowedMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_USGovernmentAndFederalAgencyObligationsThatCollateralizeSecuritiesPurchasedUnderAgreementsToResellAndSecuritiesBorrowedMember_lbl" xml:lang="en-US" id="id_8104553_2288991_3_1"> U.S. Government And Federal Agency Obligations that collateralize securities purchased under agreements to resell and securities borrowed. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_USGovernmentAndFederalAgencyObligationsThatCollateralizeSecuritiesPurchasedUnderAgreementsToResellAndSecuritiesBorrowedMember_lbl" xml:lang="en-US" id="id_8104553_2288991_1_1"> U S Government And Federal Agency Obligations That Collateralize Securities Purchased Under Agreements To Resell And Securities Borrowed [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_USGovernmentAndFederalAgencyObligationsThatCollateralizeSecuritiesPurchasedUnderAgreementsToResellAndSecuritiesBorrowedMember_lbl" xml:lang="en-US" id="id_8104553_2288991_2_1"> U.S. Government and Federal Agency Obligations that Collateralize Securities Purchased Under Agreements to Resell and Securities Borrowed [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_USGovernmentAndFederalAgencyObligationsThatCollateralizeSecuritiesPurchasedUnderAgreementsToResellAndSecuritiesBorrowedMember" xlink:to="gs_USGovernmentAndFederalAgencyObligationsThatCollateralizeSecuritiesPurchasedUnderAgreementsToResellAndSecuritiesBorrowedMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_USStatesAndPoliticalSubdivisionsMember" xlink:label="us-gaap_USStatesAndPoliticalSubdivisionsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_USStatesAndPoliticalSubdivisionsMember_lbl" xml:lang="en-US" id="id_8104553_2035921_1_1"> US States and Political Subdivisions Debt Securities [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_USStatesAndPoliticalSubdivisionsMember_lbl" xml:lang="en-US" id="id_8104553_2035921_2_1"> State and Municipal Obligations [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_USStatesAndPoliticalSubdivisionsMember" xlink:to="us-gaap_USStatesAndPoliticalSubdivisionsMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_USTreasuryAndGovernmentMember" xlink:label="us-gaap_USTreasuryAndGovernmentMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_USTreasuryAndGovernmentMember_lbl" xml:lang="en-US" id="id_8104553_2040158_1_1"> US Treasury and Government [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_USTreasuryAndGovernmentMember_lbl" xml:lang="en-US" id="id_8104553_2040158_2_1"> U.S. Government and Federal Agency Obligations [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_USTreasuryAndGovernmentMember" xlink:to="us-gaap_USTreasuryAndGovernmentMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_ValueOfRSUsCancelled" xlink:label="gs_ValueOfRSUsCancelled"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_ValueOfRSUsCancelled_lbl" xml:lang="en-US" id="id_8104553_2226741_3_1"> Value of RSUs cancelled to satisfy minimum statutory employee tax withholding requirements. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_ValueOfRSUsCancelled_lbl" xml:lang="en-US" id="id_8104553_2226741_1_1"> Value Of R S Us Cancelled </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_ValueOfRSUsCancelled_lbl" xml:lang="en-US" id="id_8104553_2226741_2_1"> Cancelled RSUs, Total </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_ValueOfRSUsCancelled" xlink:to="gs_ValueOfRSUsCancelled_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_ValueOfSharesRemitted" xlink:label="gs_ValueOfSharesRemitted"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_ValueOfSharesRemitted_lbl" xml:lang="en-US" id="id_8104553_2156134_3_1"> Value of Shares remitted by employees to satisfy minimum statutory employee tax withholding requirements. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_ValueOfSharesRemitted_lbl" xml:lang="en-US" id="id_8104553_2156134_1_1"> Value Of Shares Remitted </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_ValueOfSharesRemitted_lbl" xml:lang="en-US" id="id_8104553_2156134_2_1"> Remitted Shares, Total </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_ValueOfSharesRemitted" xlink:to="gs_ValueOfSharesRemitted_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_ValueOfStockOptionsCancelled" xlink:label="gs_ValueOfStockOptionsCancelled"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_ValueOfStockOptionsCancelled_lbl" xml:lang="en-US" id="id_8104553_2269615_3_1"> Value of stock options cancelled. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_ValueOfStockOptionsCancelled_lbl" xml:lang="en-US" id="id_8104553_2269615_1_1"> Value Of Stock Options Cancelled </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_ValueOfStockOptionsCancelled_lbl" xml:lang="en-US" id="id_8104553_2269615_2_1"> Cancelled stock options, Total </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_ValueOfStockOptionsCancelled" xlink:to="gs_ValueOfStockOptionsCancelled_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_VariableInterestEntitiesAbstract" xlink:label="gs_VariableInterestEntitiesAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_VariableInterestEntitiesAbstract_lbl" xml:lang="en-US" id="id_8104553_2199669_3_1"> Variable Interest Entities [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_VariableInterestEntitiesAbstract_lbl" xml:lang="en-US" id="id_8104553_2199669_1_1"> Variable Interest Entities [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_VariableInterestEntitiesAbstract_lbl" xml:lang="en-US" id="id_8104553_2199669_2_1"> Variable Interest Entities [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_VariableInterestEntitiesAbstract" xlink:to="gs_VariableInterestEntitiesAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis" xlink:label="us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_lbl" xml:lang="en-US" id="id_8104553_2040162_1_1"> Variable Interest Entities [Axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_lbl" xml:lang="en-US" id="id_8104553_2040162_2_1"> Variable Interest Entities [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis" xlink:to="us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets" xlink:label="us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets_lbl" xml:lang="en-US" id="id_8104553_2035592_1_1"> Variable Interest Entity, Consolidated, Carrying Amount, Assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets_lbl" xml:lang="en-US" id="id_8104553_2035592_2_1"> Assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets_lbl" xml:lang="en-US" id="id_8104553_2035592_6_1"> Total </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets" xlink:to="us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_VariableInterestEntityConsolidatedCarryingAmountLiabilities" xlink:label="us-gaap_VariableInterestEntityConsolidatedCarryingAmountLiabilities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_VariableInterestEntityConsolidatedCarryingAmountLiabilities_lbl" xml:lang="en-US" id="id_8104553_2036656_1_1"> Variable Interest Entity, Consolidated, Carrying Amount, Liabilities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_VariableInterestEntityConsolidatedCarryingAmountLiabilities_lbl" xml:lang="en-US" id="id_8104553_2036656_2_1"> Liabilities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_VariableInterestEntityConsolidatedCarryingAmountLiabilities_lbl" xml:lang="en-US" id="id_8104553_2036656_6_1"> Total </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_VariableInterestEntityConsolidatedCarryingAmountLiabilities" xlink:to="us-gaap_VariableInterestEntityConsolidatedCarryingAmountLiabilities_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_VariableInterestEntityDisclosureTextBlock" xlink:label="us-gaap_VariableInterestEntityDisclosureTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_VariableInterestEntityDisclosureTextBlock_lbl" xml:lang="en-US" id="id_8104553_2039587_1_1"> Variable Interest Entity Disclosure [Text Block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_VariableInterestEntityDisclosureTextBlock_lbl" xml:lang="en-US" id="id_8104553_2039587_2_1"> Variable Interest Entities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_VariableInterestEntityDisclosureTextBlock" xlink:to="us-gaap_VariableInterestEntityDisclosureTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount" xlink:label="us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount_lbl" xml:lang="en-US" id="id_8104553_2037394_1_1"> Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount_lbl" xml:lang="en-US" id="id_8104553_2037394_2_1"> Maximum Exposure to Loss in Nonconsolidated VIEs </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount" xlink:to="us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_VariableInterestEntityLineItems" xlink:label="us-gaap_VariableInterestEntityLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_VariableInterestEntityLineItems_lbl" xml:lang="en-US" id="id_8104553_2040543_1_1"> Variable Interest Entity [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_VariableInterestEntityLineItems_lbl" xml:lang="en-US" id="id_8104553_2040543_2_1"> Variable Interest Entity [Line Items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_VariableInterestEntityLineItems" xlink:to="us-gaap_VariableInterestEntityLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets" xlink:label="us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets_lbl" xml:lang="en-US" id="id_8104553_2035190_1_1"> Variable Interest Entity, Nonconsolidated, Carrying Amount, Assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets_lbl" xml:lang="en-US" id="id_8104553_2035190_2_1"> Carrying Value of the Firm's Variable Interests in Nonconsolidated VIEs - Assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets" xlink:to="us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountLiabilities" xlink:label="us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountLiabilities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountLiabilities_lbl" xml:lang="en-US" id="id_8104553_2037037_1_1"> Variable Interest Entity, Nonconsolidated, Carrying Amount, Liabilities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountLiabilities_lbl" xml:lang="en-US" id="id_8104553_2037037_2_1"> Carrying Value of the Firm's Variable Interests in Nonconsolidated VIEs - Liabilities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountLiabilities" xlink:to="us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountLiabilities_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_VariableInterestEntityQualitativeOrQuantitativeInformationVIESizeOfVIE" xlink:label="gs_VariableInterestEntityQualitativeOrQuantitativeInformationVIESizeOfVIE"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_VariableInterestEntityQualitativeOrQuantitativeInformationVIESizeOfVIE_lbl" xml:lang="en-US" id="id_8104553_2044041_3_1"> Size of the variable interest entity measured by total assets. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_VariableInterestEntityQualitativeOrQuantitativeInformationVIESizeOfVIE_lbl" xml:lang="en-US" id="id_8104553_2044041_1_1"> Variable Interest Entity Qualitative Or Quantitative Information V I E Size Of V I E </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_VariableInterestEntityQualitativeOrQuantitativeInformationVIESizeOfVIE_lbl" xml:lang="en-US" id="id_8104553_2044041_2_1"> Assets in VIE </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="gs_VariableInterestEntityQualitativeOrQuantitativeInformationVIESizeOfVIE_lbl" xml:lang="en-US" id="id_8104553_2044041_12_1"> Assets in VIEs </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_VariableInterestEntityQualitativeOrQuantitativeInformationVIESizeOfVIE" xlink:to="gs_VariableInterestEntityQualitativeOrQuantitativeInformationVIESizeOfVIE_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_WarehouseFinancingMember" xlink:label="gs_WarehouseFinancingMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_WarehouseFinancingMember_lbl" xml:lang="en-US" id="id_8104553_2320873_3_1"> Warehouse Financing [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_WarehouseFinancingMember_lbl" xml:lang="en-US" id="id_8104553_2320873_1_1"> Warehouse Financing [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_WarehouseFinancingMember_lbl" xml:lang="en-US" id="id_8104553_2320873_2_1"> Warehouse Financing [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_WarehouseFinancingMember" xlink:to="gs_WarehouseFinancingMember_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_WeightedAverageInterestRateAfterHedgingOnOtherSecuredFinancingsAtAmortizedCostShortTerm" xlink:label="gs_WeightedAverageInterestRateAfterHedgingOnOtherSecuredFinancingsAtAmortizedCostShortTerm"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_WeightedAverageInterestRateAfterHedgingOnOtherSecuredFinancingsAtAmortizedCostShortTerm_lbl" xml:lang="en-US" id="id_8104553_2201601_3_1"> Weighted average interest rate, after giving effect to hedging activities, on other secured financings at amortized cost (short-term). </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_WeightedAverageInterestRateAfterHedgingOnOtherSecuredFinancingsAtAmortizedCostShortTerm_lbl" xml:lang="en-US" id="id_8104553_2201601_1_1"> Weighted Average Interest Rate After Hedging On Other Secured Financings At Amortized Cost Short Term </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_WeightedAverageInterestRateAfterHedgingOnOtherSecuredFinancingsAtAmortizedCostShortTerm_lbl" xml:lang="en-US" id="id_8104553_2201601_2_1"> Weighted average interest rate, after giving effect to hedging activities, on other secured financings at amortized cost (short-term) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_WeightedAverageInterestRateAfterHedgingOnOtherSecuredFinancingsAtAmortizedCostShortTerm" xlink:to="gs_WeightedAverageInterestRateAfterHedgingOnOtherSecuredFinancingsAtAmortizedCostShortTerm_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_WeightedAverageInterestRateAfterHedgingOnSecuredFinancingsAtAmortizedCostLongTerm" xlink:label="gs_WeightedAverageInterestRateAfterHedgingOnSecuredFinancingsAtAmortizedCostLongTerm"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_WeightedAverageInterestRateAfterHedgingOnSecuredFinancingsAtAmortizedCostLongTerm_lbl" xml:lang="en-US" id="id_8104553_2263699_3_1"> Weighted average interest rate, after giving effect to hedging activities, on other secured financings at amortized cost (long-term). </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_WeightedAverageInterestRateAfterHedgingOnSecuredFinancingsAtAmortizedCostLongTerm_lbl" xml:lang="en-US" id="id_8104553_2263699_1_1"> Weighted Average Interest Rate After Hedging On Secured Financings At Amortized Cost Long Term </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_WeightedAverageInterestRateAfterHedgingOnSecuredFinancingsAtAmortizedCostLongTerm_lbl" xml:lang="en-US" id="id_8104553_2263699_2_1"> Weighted average interest rate, after giving effect to hedging activities, on other secured financings at amortized cost (long-term) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_WeightedAverageInterestRateAfterHedgingOnSecuredFinancingsAtAmortizedCostLongTerm" xlink:to="gs_WeightedAverageInterestRateAfterHedgingOnSecuredFinancingsAtAmortizedCostLongTerm_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_WeightedAverageMember" xlink:label="us-gaap_WeightedAverageMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_WeightedAverageMember_lbl" xml:lang="en-US" id="id_8104553_2038759_1_1"> Weighted Average [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_WeightedAverageMember_lbl" xml:lang="en-US" id="id_8104553_2038759_2_1"> Weighted Average [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_WeightedAverageMember" xlink:to="us-gaap_WeightedAverageMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment" xlink:label="us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment_lbl" xml:lang="en-US" id="id_8104553_2037042_1_1"> Weighted Average Number Diluted Shares Outstanding Adjustment </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment_lbl" xml:lang="en-US" id="id_8104553_2037042_6_1"> Dilutive securities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment" xlink:to="us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:label="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_lbl" xml:lang="en-US" id="id_8104553_2035931_1_1"> Weighted Average Number of Shares Outstanding, Diluted </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_lbl" xml:lang="en-US" id="id_8104553_2035931_2_1"> Diluted </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_lbl" xml:lang="en-US" id="id_8104553_2035931_6_1"> Weighted average number of basic shares and dilutive securities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:to="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xlink:label="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_lbl" xml:lang="en-US" id="id_8104553_2038354_1_1"> Weighted Average Number of Shares Outstanding, Basic </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_lbl" xml:lang="en-US" id="id_8104553_2038354_2_1"> Basic </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_lbl" xml:lang="en-US" id="id_8104553_2038354_12_1"> Weighted average number of basic shares </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xlink:to="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_lbl"/>
<loc xlink:type="locator" xlink:href="gs-20160930.xsd#gs_WrittenCreditDerivativeMember" xlink:label="gs_WrittenCreditDerivativeMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gs_WrittenCreditDerivativeMember_lbl" xml:lang="en-US" id="id_8104553_2247730_3_1"> Written Credit Derivative [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gs_WrittenCreditDerivativeMember_lbl" xml:lang="en-US" id="id_8104553_2247730_1_1"> Written Credit Derivative [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gs_WrittenCreditDerivativeMember_lbl" xml:lang="en-US" id="id_8104553_2247730_2_1"> Written Credit Derivative [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gs_WrittenCreditDerivativeMember" xlink:to="gs_WrittenCreditDerivativeMember_lbl"/>
</labelLink>
</linkbase>

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