As a private organization, the committee followed the normal business practice in allowing only duly authorized individuals to accept and endorse checks on behalf of the committee. No financial institution could accept or process a check on behalf of the committee unless a duly authorized individual endorsed it. The checks deposited into Barker's bank account were endorsed by Committee treasurer Hugh Sloan, who was authorized by the finance committee. However, once Sloan had endorsed a check made payable to the committee, he had a legal and fiduciary responsibility to see that the check was deposited only into the accounts named on the check. Sloan failed to do that. When confronted with the potential charge of federal bank fraud, he revealed that committee deputy director Jeb Magruder and finance director Maurice Stans had directed him to give the money to G. Gordon Liddy.