(CNN) - The Democratic National Committee raised $10.5 million in May, out-raising the Republican National Committee's $6.2 million haul, according to the DNC.
The DNC now has $16.5 million cash on hand and a debt of $13.5 million, less than the RNC's $18.5 million.
However, over half or $6.5 million of the money raised by the DNC in May was a transfer from the Obama Victory Fund, a joint account with the committee. The campaign receives the first $5,000 of an individual contribution, the maximum an individual is allowed to contribute to the campaign. Individuals are permitted to give $30,800 to a campaign committee per year.