FIRST TRUST OF INSURED MUNICIPAL BONDS SERIES 63
485BPOS, 1998-01-30
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                                                 File No. 2-71273

               SECURITIES AND EXCHANGE COMMISSION
                  WASHINGTON, D.C.  20549-1004
                                
                         POST-EFFECTIVE
                        AMENDMENT NO. 17
                                
                               TO
                            FORM S-6

For Registration Under the Securities Act of 1933 of Securities
of Unit Investment Trusts Registered on Form N-8B-2

      THE FIRST TRUST OF INSURED MUNICIPAL BONDS, SERIES 63
                      (Exact Name of Trust)
                                
                      NIKE SECURITIES L.P.
                    (Exact Name of Depositor)
                                
                      1001 Warrenville Road
                     Lisle, Illinois  60532
                                
  (Complete address of Depositor's principal executive offices)
                                

          NIKE SECURITIES L.P.     CHAPMAN AND CUTLER
          Attn:  James A. Bowen    Attn:  Eric F. Fess
          1001 Warrenville Road    111 West Monroe Street
          Lisle, Illinois  60532   Chicago, Illinois  60603

        (Name and complete address of agents for service)
                                
It is proposed that this filing will become effective (check
appropriate box)

:    :  immediately upon filing pursuant to paragraph (b)
:  x :  January 30, 1998
:    :  60 days after filing pursuant to paragraph (a)
:    :  on (date) pursuant to paragraph (a) of rule (485 or 486)

      Pursuant to Rule 24f-2 under the Investment Company Act  of
1940,   the  issuer  has  registered  an  indefinite  amount   of
securities.   A 24f-2 Notice for the offering was last  filed  on
November 25, 1997.




              CONTENTS OF POST-EFFECTIVE AMENDMENT
                    OF REGISTRATION STATEMENT
                                
This Post-Effective Amendment of Registration Statement comprises
the following papers and documents:

                          The facing sheet

                          The prospectus

                          The signatures

                          The Consent of Independent Auditors

                          Financial Data Schedule


                               S-1
                                
                           SIGNATURES
     
     Pursuant to the requirements of the Securities Act of  1933,
the  Registrant,  The  First Trust of  Insured  Municipal  Bonds,
Series  63,  certifies that it meets all of the requirements  for
effectiveness  of  this Registration Statement pursuant  to  Rule
485(b) under the Securities Act of 1933 and has duly caused  this
Post-Effective  Amendment  of its Registration  Statement  to  be
signed on its behalf by the undersigned thereunto duly authorized
in  the  Village  of Lisle and State of Illinois on  January  30,
1998.
                                    
                           THE FIRST TRUST OF INSURED MUNICIPAL
                              BONDS, SERIES 63
                                   (Registrant)
                           ByNIKE SECURITIES L.P.
                                   (Depositor)
                           
                           
                           By      Robert M. Porcellino
                                  Vice President
                           
     
     Pursuant to the requirements of the Securities Act of  1933,
this  Post-Effective Amendment of Registration Statement has been
signed  below by the following person in the capacity and on  the
date indicated:

Signature                  Title*                  Date

Robert D. Van Kampen    Director of        )
                      Nike Securities      )
                        Corporation,       )   January 30, 1998
                    the General Partner    )
                  of Nike Securities L.P.  )
                                           )
                                           ) Robert M. Porcellino
David J. Allen        Director of Nike     )   Attorney-in-Fact**
                  Securities Corporation,
                  the General Partner of
                    Nike Securities L.P.

*    The title of the person named herein represents his capacity
     in and relationship to Nike Securities L.P., Depositor.

**   An  executed copy of the related power of attorney was filed
     with  the  Securities and Exchange Commission in  connection
     with  the  Amendment No. 1 to Form S-6 of  The  First  Trust
     Combined  Series  258 (File No. 33-63483) and  the  same  is
     hereby incorporated herein by this reference.

                               S-2
                 CONSENT OF INDEPENDENT AUDITORS
                                

We  consent  to  the  reference to our  firm  under  the  caption
"Experts" and to the use of our report dated January 9,  1998  in
this  Post-Effective Amendment to the Registration Statement  and
related  Prospectus  of The First Trust Insured  Municipal  Bonds
dated January 27, 1998.



                                        ERNST & YOUNG LLP





Chicago, Illinois
January 26, 1998
                                





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