File No. 2-85574
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549-1004
POST-EFFECTIVE
AMENDMENT NO. 14
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 106
(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_: September 30, 1997
:____: 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 July 21, 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 purpose of the Amendment
The signatures
The Consent of Independent Auditors
Financial Data Schedule
THE PURPOSE OF THE AMENDMENT
The purpose of this amendment is to terminate the declaration
made pursuant to Rule 24f-2 promulgated under the Investment
Company Act of 1940, as amended, because Units of The First Trust
of Insured Municipal Bonds, Series 106 are no longer being
offered for sale in the secondary market. A final Rule 24f-2
Notice with respect to such series has been filed concurrently
with this filing.
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the
Registrant, The First Trust of Insured Municipal Bonds, Series
106, 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 September 30,
1997.
THE FIRST TRUST OF INSURED MUNICIPAL BONDS, SERIES 106
(Registrant)
By NIKE 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, the )
General Partner ) September 30, 1997
of Nike Securities L.P.)
)
David J. Allen Director of )
Nike Securities )Robert M. Porcellino
Corporation, the General )Attorney-in-Fact**
Partner of Nike
Securities L.P.
* The title of the person named herein represents his
capacity in and relationship to Nike Securities L.P., the
Depositor.
** An executed copy of the related power of attorney was filed
with the Securities and Exchange Commission in connection with
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.
CONSENT OF INDEPENDENT AUDITORS
We consent to the reference to our firm under the caption
"Experts" and to the use of our report dated August 29, 1997 in
this Post-Effective Amendment to the Registration Statement and
related Prospectus of The First Trust of Insured Municipal Bonds
dated September 25, 1997.
ERNST & YOUNG LLP
Chicago, Illinois
September 24, 1997
