SO jQuery Fiddle

Test Fiddle mainly for SO Questions jQuery 1.4.3, UI 1.8.5

HTML

<link rel="stylesheet" href="http://ajax.googleapis.com/ajax/libs/jqueryui/1.8.5/themes/ui-lightness/jquery-ui.css">
<table id='reports'>
    <tr>
        <td>First Name</td>
        <td>*required</td>
    </tr>
</table>

CSS

.red {
    color: red;
}

JavaScript

$(document).ready(function () {

    var reports = $('table#reports > tbody');
    var tr1 = reports.find('tr:has(td:contains("First Namea"))');
    console.log(tr1);
    if (tr1) {
        alert('exist');
    } else {
        alert('not');
    }
});