Liquidity >. Impact of Inflation and Changing Prices >. Market Prices and Stock Data >. 0 44 First BanCorp.> 2001 Liquidity refers to the level of cash and eligible investments to meet loan and investment commitments, potential deposit outflows and debt repay- ments. The Asset Liability Management and Investment Committee, using measures of liquidity developed by Management, reviews the Corporation’s liquidity position on a weekly basis. The principal sources of short-term funds are loan repayments, deposits, securities sold under agreements to repurchase, and lines of credit with the FHLB and other financial institutions. The Investment Committee reviews credit availability on a regular basis. In the past, the Corporation has secu- ritized and sold auto and mortgage loans as supplementary sources of funding. Commercial paper had also provided additional funding. The Corporation has obtained long-term funding through the issuance of notes and long-term institutional certificates of deposit. The Corporation’s prin- cipal uses of funds are the origination of loans and the repayment of matur- ing deposit accounts and borrowings. The financial statements and related data presented herein have been pre- pared in conformity with generally accepted accounting principles, which require the measurement of financial position and operating results in terms of historical dollars without considering changes in the relative pur- chasing power of money over time due to inflation. Unlike most industrial companies, substantially all of the assets and liabili- ties of a financial institution are monetary in nature. As a result, interest rates have a greater impact on a financial institution’s performance than the effects of general levels of inflation. Interest rate movements are not nec- essarily correlated with changes in the prices of goods and services. The Corporation’s common stock is traded in the New York Stock Exchange (NYSE) under the symbol FBP. On December 31, 2001, there were 683 holders of record of the Corporation’s common stock. The following table sets forth the high and low prices of the Corporation’s common stock for the periods indicated as reported by the NYSE. Quarter ended High Low 2001: December $30.00 $25.60 September 30.00 24.00 June 26.99 22.98 March 26.13 19.50 2000: December $24.69 $20.50 September 24.50 18.00 June 18.75 16.69 March 21.00 16.25 1999: December $22.81 $19.25 September 24.75 19.75 June 28.50 22.00 March 30.38 22.69