Federal Reserve Changing reporting on M2 Money

The money supply is actively watched by economists to try to understand the impact of 'too much money' being injected into the system. One of these money supply metrics is called M2, and goes back to 1980 on the Federal Reserve Bank. The change is to no longer count 'savings accounts' as part of the money supply. History will tell us if this wasa mistake and ends up under reporting money supply. The timing is interesting, as the government is about to give large amounts of money to the public, deposited to people's savings accounts. Below is an image I took of the Fed site today, 3/2/2021, you can see it here: The new M2 without season adjustment is here, and seasonally here.