AXA Equitable Life Insurance Company and MONY Life Insurance Company Join the Federal...

AXA Equitable Life Insurance Company and MONY Life Insurance Company Join the
Federal Home Loan Bank of New York

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

SOURCE Federal Home Loan Bank of New York

Eric Amig of the Federal Home Loan Bank of New York, +1-212-441-6807