*UPDATE*: The Democratic National Committee reported Friday night that it had $13 million cash-on-hand as November began, and not $12.3 million as it said earlier in the day.

The Democratic National Committee outraised the Republican National Committee in October, a month in which both national party committees ramped up their fundraising and spent lavishly just ahead of the momentous Nov. 3 elections in Virginia and New Jersey.

The DNC will report later Friday to the Federal Election Commission that it raised $11.5 million and spent about $14 million in October, leaving it with about $12.3 million in the bank and $4.4 million in debts.

A party source said that was the DNC’s largest one-month take in an odd-numbered year since an overhaul of campaign finance laws in 2002 banned the national political parties from accepting so-called “soft money.”