Limits for 12 volt supply: 11.4 V to 12.6 V
His voltage: 11.67V. Therefore as previously posted:
When taking voltage with a 3.5 digit multimeter, the readings
must be in the upper three quarters of those limits. Voltages
in the lowest quarter may be due to excessive ripple voltage.
This is a failure that has not yet happened. Multimeters
cannot measure ripple voltages. Therefore a voltage in the
lower quarter of those limits suggests further study may be
required using other equipment.
His 12 volt readings may be an indication of excessive
ripple voltage that will only get worse in the future.
But more important, we don't know what was used to measure
these voltages. If measured using the motherboard monitor,
then the readings are not reliable.
He has three problems. 3.3 is suspiciously high. 12 volts
might be questionable. Source of these numbers is highly
suspect. It may be a good supply. But we don't know yet from
numbers as provided.
Primarily, OP omitted basic critical details of the
motherboard and power supply. We have no reference of power
distribution for the system.
I agree that 11.67V is in-spec BUT that a motherboard
reading cannot be relied upon, in general most motherboards
do read a lower than actual 12V level when PSU output is
spot-on 12.0V. Multimeter readings at power supply
connector to motherboard are crucial for 12V reading.
Having written that, if the multimeter reading is at 11.67,
it is a sign that the power supply is of insufficient
capacity, else not appropriate for the system (typically
using a system with 12V power for CPU but not an ATX v2.03
power supply, so the PSU has little to no 12V feedback
weighting for regulation, rather it's regulating based
mostly or entirely upon 5V reading, which would coincide
with voltage readings reported. Even so, CPU VRM circuit
will remain stable far below 11.67V, most would be OK below
10V, but this tells nothing of the power supply's other
rails.