Finance, Forex and Investments - How does the German banking system work? Is it a central bank like the FED?

How does the German banking system work? Is it a central bank like the FED?

How does the system work? What about the rest of the EU? Who controls the creation and distribution of the Euro currency?

Since germany is part of the Eurozone, it's not a central german bank but a central european bank : http://www.ecb.int/ecb/html/index.en.html