(Noob question below

I have an older BBB rev.0 board, currently powered by the USB FTDI cable. At the FTDI cable pins, I read 5V. On the other side of the board, however, at the +5V/GND pins, I read ~3.57V. Is this drop expected?
(I should note also that I opted for a 7805a voltage regulator when constructing this board, years ago.)
The real issue that leads me to this question is that I'm trying to drive a chip that requires 4.75 to 11V supply voltage. So it seems that the voltage drop across the BBB results in a V that is outside of that range.
Thanks!