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Formalism in the philosophy of mathematics has taken a variety of forms and has been advocated for widely divergent reasons. In Sects. 1 and 2, I briefly introduce the major formalist doctrines of the late nineteenth and early twentieth centuries. These are what I call empirico-semantic formalism (advocated by Heine), game formalism (advocated by Thomae) and instrumental formalism (advocated by Hilbert). After describing these views, I note some basic points of similarity and difference between them. In the remainder of the paper, I turn my attention to Hilbert's instrumental formalism. My primary aim there will be to develop its formalist elements more fully. These are, in the main, (i) its rejection of the axiom-centric focus of traditional model-construction approaches to consistency problems, (ii) its departure from the traditional understanding of the basic nature of proof and (iii) its distinctively descriptive or observational orientation with regard to the consistency problem for arithmetic. More specifically, I will highlight what I see as the salient points of connection between Hilbert's formalist attitude and his finitist standard for the consistency proof for arithmetic. I will also note what I see as a significant tension between Hilbert's observational approach to the consistency problem for arithmetic and his expressed hope that his solution of that problem would dispense with certain epistemological concerns regarding arithmetic once and for all. [ABSTRACT FROM AUTHOR]