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LiquidityLiquid assets consist of cash and cash equivalents, current receivables, and current and certain otherinvestments (trading, available-for-sale and other). Cash and cash equivalents include cash on hand,non-interest-bearing and interest-bearing deposits with financial institutions, federal funds sold, timedeposits, securities of the U.S. Treasury and federal agencies, debt instruments with original maturities ofthree months or less at the purchase date, and other highly liquid investments, including money marketfunds, which are readily convertible into cash. Cash and cash equivalents at September 30, 2009 increasedprimarily due to net cash provided by operating activities. At September 30, 2009, the percentage of cashand cash equivalents held by our U.S. and non-U.S. operations were approximately 49% and 51%, ascompared to approximately 51% and 49% at September 30, 2008. The percentage of cash and cashequivalents held by our non-U.S. operations increased primarily due to liquidation of investments, mainlytime deposits with original maturities greater than three months but not exceeding one year from the date ofpurchase, partially offset by dividends paid to our U.S. operations.The decrease in total debt outstanding during fiscal year 2009 primarily relates to amortization andreduction of long-term debt, a reduction in Federal Home Loan Bank (“FHLB”) advances, and repayment ofvariable funding notes, partially offset by an increase in commercial paper outstanding.We experienced a decrease in net cash provided by operating activities in fiscal year 2009, primarilydue to decreases in net income and proceeds from the securitization of loans held for sale, partially offset bya lower increase in trading securities. Net cash provided by investing activities increased mainly due to anincrease in liquidation of investments and a decrease in loans receivable. Net cash used in financingactivities decreased primarily due to a decrease in common stock repurchases and a decrease in payments ondebt, partially offset by a decrease in proceeds from issuance of debt and a decrease in minority interestcash receipts in our consolidated sponsored investment products.Capital ResourcesDuring fiscal year 2009, we experienced a significant reduction in operating revenues primarilyresulting from lower assets under management due to decreased market valuations and customerredemptions. Despite this reduction and decrease in liquidity and credit availability in the market, webelieve that we can meet our present and reasonably foreseeable operating cash needs and futurecommitments through existing liquid assets, continuing cash flows from operations, borrowing capacityunder current credit facilities and the ability to issue debt or equity securities.At September 30, 2009, our current debt consisted of commercial paper with a total face value of $64.2million that was issued at a weighted-average annualized interest rate of 0.27% and matures during thequarter ending December 31, 2009.The banking/finance segment has financed its automobile lending business primarily through FHLBadvances, securitizations and the issuance of variable funding notes under one-year revolving variablefunding note warehouse credit facilities. We terminated the warehouse credit facilities in November 2008and did not replace them. The variable funding notes issued under these facilities were secured by cash anda pool of automobile loans that were expected to meet certain eligibility requirements.At September 30, 2009, our banking/finance operating segment had $57.0 million of total outstandingFHLB advances. Approximately $15.0 million of these advances mature in the fiscal year endingSeptember 30, 2010 (“fiscal year 2010”), while the remaining $42.0 million mature from October 2010 toJanuary 2039. These advances had a weighted-average interest rate of 2.94% at September 30, 2009 and aresubject to collateralization requirements.49