This study aims to analyze the influence of Credit, TPF, and capital on vulnerability as measured by assets in Indonesia at the time of the 1998 Monetary Crisis. This study uses secondary data in the form of time series, the time period of this study is limited monthly from 1998 to 2000. The method used is Ordinary Least Square (OLS) on program Eviews 8. The results of the study indicate that the credit variable has a negative and significant effect on assets. While deposits and positive capital are significant for assets in state banks in Indonesia. The results of the study show that the overall variables have a significant effect on assets in state banks with the value of all probabilities smaller than 0.05. Based on the results of this study, there was found one variable that could be the source of the emergence of vulnerability, namely the variable of credit distribution.