Paul Moritz Warburg (August 10, 1868 – January 24, 1932) was a Jewish banker, and an early advocate of the U.S. Federal Reserve System. Warburg was born in Hamburg, Germany, to the Jewish Warburg banking family. On October 1, 1895 in New York Warburg was married to Nina J. Loeb, daughter of Solomon Loeb, founder of the New York investment firm of Kuhn, Loeb & CO. Warburg settled in New York in 1902 as a partner in Kuhn, Loeb & Co., where Jacob Schiff, his wife’s brother-in-law, was senior partner. Warburg was elected a director of Wells Fargo & Company in February 1910. He resigned in September 1914 following his appointment to the Federal Reserve Board, and Jacob Schiff was elected to his seat on the Wells Fargo board. Warburg was an advocate of central banking in America and the chief driving force behind the establishment of America’s central bank.