Mortgage borrowing actually rose in the first quarter, according to the Federal Reserve Bank of New York.

据纽约联邦储备银行称，抵押贷款在第一季度有实际增长。

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Ben Bernanke held a press conference at the end of the Federal Reserve's latest policy meeting, the first time a chairman of the central bank has hosted such an event.

联邦储备局最新政策会议结束时本·伯南克举行了记者招待会，这是央行行长第一次举办这样的活动。

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In the first, the Federal Deposit Insurance Corporation seized first City National Bank of Houston.

一开始，美国联邦储蓄保险公司购买了休斯顿第一市立国有银行。

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McDonough, a former executive of First Chicago, did a 10-year stint as head of the Federal Reserve Bank of New York before becoming the first chairman of the Public Company Accounting Oversight Board, a U.S. regulatory entity overseeing the accounting profession, in 2003.

FORBES: Magazine Article

McDonough, a former executive of First Chicago, did a 10-year stint as head of the Federal Reserve Bank of New York (nyse: BK - news - people ) before becoming the first chairman of the Public Company Accounting Oversight Board, a U.S. regulatory entity overseeing the accounting profession, in 2003.

FORBES: McDonough Heads To Merrill, Acquisitions Ahead?

Mr Obama's advisers were drawn to the first school, in part by a Federal Reserve Bank of Boston study that found that when home prices fell 23% in Massachusetts between 1988 and 1993, only 6.4% of borrowers with negative equity ended up in foreclosure.

ECONOMIST: The foreclosure plan