Paul Moritz Warburg (August 10, 1868 - January 24, 1932) was a German-American banker and early advocate of the U.S Federal Reserve system. August 10 is the 222nd day of the year (223rd in leap years) in the Gregorian Calendar. ... 1868 (MDCCCLXVIII) was a leap year starting on Wednesday (see link for calendar) of the Gregorian calendar or a leap year starting on Friday of the 12-day-slower Julian calendar. ... January 24 is the 24th day of the year in the Gregorian calendar. ... 1932 (MCMXXXII) is a leap year starting on Friday. ... German-Americans are common in the US. Light blue indicates counties that are predominately German ancestry. ... The Federal Reserve System is headquartered in the Eccles Building on Constitution Avenue in Washington, DC. The Federal Reserve System (also the Federal Reserve; informally The Fed) is the central banking system of the United States. ...

Warburg was born into a successful banking family in Hamburg, Germany. He and his brothers Max Warburg and Felix Warburg were partners in the family firm of M. M. Warburg & Co., but while Max remained in Germany as head of that business, Felix and Paul moved to New York City in 1901, where they purchased partnerships in the investment firm of Kuhn, Loeb & Co., where at the time, the influential Jacob Schiff was senior partner. The Warburg family is a German family of bankers. ... Alster Lake at dusk Hamburg is the second largest city in Germany and with the Hamburg Harbour, its principal port. ... Max Warburg (1867-1946) was a German banker and was, from 1910 till 1938, director of M. M. Warburg & Co. ... M. M. Warburg & CO KGaA is a large German private and investment bank in Hamburg, Germany. ... Nickname: The Big Apple Motto: Official website: City of New York Location [[Image:|250px|250px|Location of City of New York, New York]] Location in the state of New York Government Counties (Boroughs) Bronx (The Bronx) New York (Manhattan) Queens (Queens) Kings (Brooklyn) Richmond (Staten Island) Mayor Michael Bloomberg (R... 1901 (MCMI) was a common year starting on Tuesday (see link for calendar) of the Gregorian calendar (or a common year starting on Wednesday of the 13-day-slower Julian calendar). ... Kuhn, Loeb and Co. ... Jacob Schiff (January 10, 1847 – September 25, 1920) was a German-born New York City banker and philanthropist, who financed, among many other things, the Japanese military efforts against Tsarist Russia in the Russo-Japanese War. ...

Paul Warburg became known as a persuasive advocate of central banking in America, in 1907 publishing "Defects and Needs of Our Banking System" in the New York Times and "A Plan for A Modified Central Bank". His efforts were successful in 1913 with the founding of the United States' Federal Reserve, to which he was appointed a member of the first Federal Reserve Board by president Woodrow Wilson. 1907 (MCMVII) was a common year starting on Tuesday (see link for calendar) of the Gregorian calendar (or a common year starting on Wednesday of the 13-day-slower Julian calendar). ... The New York Times is an internationally known daily newspaper published in New York City and distributed in the United States and many other nations worldwide. ... 1913 (MCMXIII) is a common year starting on Wednesday. ... Thomas Woodrow Wilson (December 28, 1856 – February 3, 1924) was the 28th President of the United States (1913–1921). ...

The cartoon character, "Daddy" Oliver Warbucks in the Little Orphan Annie series, was purportedly inspired by the life and times of Paul Warburg. Professor Robert J. Barro, holds the Paul M. Warburg chair in economic at Harvard university Little Orphan Annie is a full page (later half page or tab) comic strip created by Harold Gray which first appeared on August 5, 1924. ... Harvard University is a private university in Cambridge, Massachusetts, USA and a member of the Ivy League. ...

See also

• Warburg
• Warburg family
• Council on Foreign Relations
• History of Central Banking in the United States
• Kuhn Loeb

Warburg can refer to: Warburg, a city in Germany the Battle of Warburg the Warburg family, a family of bankers and philanthropists, and a pedigree of Italian Sephardic origin: Moses Marcus Warburg (-1830), banker Moritz Warburg (1810-1886), jurist Max Warburg (1867-1946) Paul (Moritz) Warburg (1868-1932) Felix Warburg... The Warburg family is a German family of bankers. ... The Council on Foreign Relations (CFR) is a think tank which describes itself as dedicated to increasing Americas understanding of the world and contributing ideas to U.S. foreign policy. ... This article is about the history of central banking in the United States, from the Bank of North America to the Federal Reserve. ...

External links

• Paul Warburg's Crusade to Establish a Central Bank in the United States
• Professor Robert J. Barro

References

• Birmingham, Stephen. Our Crowd. Pocket Books, 1977
• Chernow, Ron. The Warburgs. Random House, 1993
• Collins, Theresa M. Otto. Kahn - Art, Money & Modern Time. The University of North Carolina Press, 2002
• Kuhn, Loeb & Co. Kuhn, Loeb & Co. A Century of Investment Banking. New York: privately printed, 1967
• Kuhn, Loeb & Co. Kuhn Loeb & Co. Investment Banking Through Four Generations. privately printed, 1955
• Warburg, Paul M. The Federal Reserve System. The Macmillan Company, 1930.