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| 13.02.1954 | Radnički Beograd | - | FK Sarajevo | 2:1 | ||
| 14.02.1954 | Partizan | - | Dinamo Zagreb | 1:0 | ||
| Spartak Subotica | - | Rode Ster Belgrado | 0:3 | |||
| Hajduk Split | - | Vardar Skopje | 0:0 | |||
| Lokomotiva Zagreb | - | Proleter Osijek | 2:0 | |||
| Vojvodina | - | NK Odred | 3:1 | |||
| FK Rabotnički | - | BSK Beograd | 1:0 |
| » Stand | Thuis | uit | Heenronde | Returnronde |
| # | Team | GS. | W. | G. | V. | Dp. | Ds. | P. | |
|---|---|---|---|---|---|---|---|---|---|
| 1 |
|
Partizan | 16 | 12 | 1 | 3 | 51:20 | 31 | 25:7 |
| 2 |
|
Rode Ster Belgrado | 16 | 11 | 3 | 2 | 31:14 | 17 | 25:7 |
| 3 |
|
Hajduk Split | 16 | 12 | 1 | 3 | 31:17 | 14 | 25:7 |
| 4 |
|
Dinamo Zagreb | 16 | 10 | 3 | 3 | 35:13 | 22 | 23:9 |
| 5 |
|
Vojvodina | 16 | 10 | 3 | 3 | 45:24 | 21 | 23:9 |
| 6 |
|
Spartak Subotica | 16 | 7 | 3 | 6 | 28:26 | 2 | 17:15 |
| 7 |
|
Vardar Skopje | 16 | 3 | 7 | 6 | 21:22 | -1 | 13:19 |
| 8 |
|
Proleter Osijek | 16 | 3 | 7 | 6 | 18:31 | -13 | 13:19 |
| 9 |
|
BSK Beograd | 16 | 4 | 4 | 8 | 25:28 | -3 | 12:20 |
| 10 |
|
FK Sarajevo | 16 | 5 | 2 | 9 | 12:27 | -15 | 12:20 |
| 11 |
|
Radnički Beograd | 16 | 4 | 3 | 9 | 18:28 | -10 | 11:21 |
| 12 |
|
Lokomotiva Zagreb | 16 | 3 | 4 | 9 | 20:26 | -6 | 10:22 |
| 13 |
|
FK Rabotnički | 16 | 3 | 2 | 11 | 14:50 | -36 | 8:24 |
| 14 |
|
NK Odred | 16 | 2 | 3 | 11 | 23:46 | -23 | 7:25 |
