AXA Equitable Life Insurance Company and MONY Life Insurance Company Join the Federal Home Loan Bank of New York
July 21 2008 - 12:26PM
PR Newswire (US)
NEW YORK, July 21 /PRNewswire/ -- AXA Equitable Life Insurance
Company and MONY Life Insurance Company, as subsidiaries of AXA
Financial Inc., are welcomed as members of the Federal Home Loan
Bank of New York (FHLBNY). "We are delighted that AXA Equitable
Life Insurance Company and MONY Life Insurance Company have joined
the Federal Home Loan Bank of New York," said Alfred A. DelliBovi,
President of the FHLBNY. "Membership allows them to take advantage
of FHLBNY's product line of financial services, including reliable,
low-cost advances that can be used for liquidity management,
funding agreements, and general asset/liability management." "We
are pleased to be accepted as members of the Federal Home Loan Bank
of New York," said Kevin R. Byrne, Chief Investment Officer of AXA
Financial. "Its mission to advance local community development and
housing opportunities is consistent with AXA Equitable's belief in
supporting local community development. Membership and the benefits
of stock ownership in the Federal Home Loan Bank of New York
enhance our business strategy by providing an attractive source of
liquidity." In business since 1859, AXA/Equitable Life Insurance
Company is a leading financial protection company and a premier
provider of life insurance, annuity, and investment products and
services. AXA Equitable Life Insurance Company and the MONY family
of companies are subsidiaries of AXA Financial Inc. (NYSE:AXA),
which is part of the global AXA Group. AXA Financial's assets under
management totaled $888.6 billion as of December 31, 2007. AXA
Group has major operations in Europe, North America, and the
Asia/Pacific region and is a worldwide leader in financial
protection strategies and wealth management. For more information,
please visit http://www.axa-equitable.com/. The FHLBNY is a $109
billion, AAA-rated, Congressionally-chartered wholesale bank. It is
part of the FHLBank System, a national wholesale banking network of
12 regional, stockholder-owned banks. The FHLBNY serves 293
community lenders in New Jersey, New York, Puerto Rico, and the
U.S. Virgin Islands. The mission of the FHLBNY is to advance
housing opportunity and local community development by maximizing
the capacity of community-based member lenders to serve their
markets. CONTACT: Eric Amig, (212) 441-6807 DATASOURCE: Federal
Home Loan Bank of New York CONTACT: Eric Amig of the Federal Home
Loan Bank of New York, +1-212-441-6807 Web Site:
http://www.axa-equitable.com/ http://www.fhlbny.com/
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